2022
Exports
$26.4MWorld Rnk 38 / 169
Flag Rnk 299 / 1177
2022
PRODUCT COMPLEXITY IN Cranes
0.76Rnk 258 / 1025
2022
Imports
$201MWorld Rnk 23 / 215
Flag Rnk 196 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $26.4M in Cranes, making it the 38th largest exporter of Cranes in the world. At the same year, Cranes was the 299th most exported product in Hong Kong. The main destination of Cranes exports from Hong Kong are: United States ($6.8M), China ($6.53M), Madagascar ($2.13M), Australia ($1.79M), and Singapore ($1.49M).

The fastest growing export markets for Cranes of Hong Kong between 2021 and 2022 were United States ($6.71M), Madagascar ($2.13M), and Netherlands ($1.23M).

Imports In 2022, Hong Kong imported $201M in Cranes, becoming the 23rd largest importer of Cranes in the world. At the same year, Cranes was the 196th most imported product in Hong Kong. Hong Kong imports Cranes primarily from: China ($130M), Italy ($21.8M), Germany ($14.6M), Japan ($9.42M), and Singapore ($6.26M).

The fastest growing import markets in Cranes for Hong Kong between 2021 and 2022 were China ($67.5M), Italy ($8.74M), and Vietnam ($2.24M).

COMPANIES In 2023, leading companies such as John Deere (14), Sumitomo Rubber (6), and American Omni Trading Company (4) were at the forefront of shipping Cranes from Hong Kong to the United States.

Latest Trends

Nov 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cranes. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$26.4M
IMPORTS (2022)$201M
NET TRADE (2022)-$175M

In 2022, Hong Kong exported $26.4M in Cranes. The main destinations of Hong Kong exports on Cranes were United States ($6.8M), China ($6.53M), Madagascar ($2.13M), Australia ($1.79M), and Singapore ($1.49M).

In 2022, Hong Kong imported $201M in Cranes, mainly from China ($130M), Italy ($21.8M), Germany ($14.6M), Japan ($9.42M), and Singapore ($6.26M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cranes EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
United States$6.71M (7.3k%)
Madagascar$2.13M (1%)
Netherlands$1.23M (344k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cranes BY Hong Kong WERE (2021 - 2022):
Macau-$5.41M (-88.2%)
India-$2.16M (-98%)
Bangladesh-$2.12M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Cranes were:
China $4.1B
Germany $1.93B
Italy $1.28B
In 2022, Hong Kong's main importing competitors in Cranes were:

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Trade Value of Cranes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2M
TOP IMPORT POTENTIALChina+ $21.2M

Cranes’s highest export potential is China. With an export gap of $2M.   Cranes’s highest import potential is China with an import gap of $21.2M.

See methodology.

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