2023
Exports
$1World Rnk 147 / 150
Flag Rnk 1181 / 1181
falsefalse Netherlands
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$66MWorld Rnk 76 / 159
Flag Rnk 330 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $1 in Crude Petroleum, making it the 147th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1181st most exported product in Hong Kong. The main destination of Crude Petroleum exports from Hong Kong are: Netherlands ($1).

Imports In 2023, Hong Kong imported $66M in Crude Petroleum, becoming the 76th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 330th most imported product in Hong Kong. Hong Kong imports Crude Petroleum primarily from: Canada ($36.1M), Malaysia ($30M), and United Arab Emirates ($9.32k).

The fastest growing import markets in Crude Petroleum for Hong Kong between 2022 and 2023 were Malaysia ($30M) and United Arab Emirates ($8.06k).

Latest Trends

Dec 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 Crude Petroleum. 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 (2023)$1
IMPORTS (2023)$66M
NET TRADE (2023)-$66M

In 2023, Hong Kong exported $1 in Crude Petroleum. The main destinations of Hong Kong exports on Crude Petroleum were Netherlands ($1).

In 2023, Hong Kong imported $66M in Crude Petroleum, mainly from Canada ($36.1M), Malaysia ($30M), and United Arab Emirates ($9.32k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Hong Kong WERE (2022 - 2023):
Belgium-$916 (-100%)
Netherlands-$87 (-98.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Crude Petroleum were:
In 2023, Hong Kong's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBelgium+ $2.4k
TOP IMPORT POTENTIALCanada+ $18.5M

Crude Petroleum’s highest export potential is Belgium. With an export gap of $2.4k.   Crude Petroleum’s highest import potential is Canada with an import gap of $18.5M.

See methodology.

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