2023
Exports
$24MWorld Rnk 29 / 160
Flag Rnk 288 / 1181
2023
PRODUCT COMPLEXITY IN Electric Furnaces
1.62Rnk 31 / 1025
2023
Imports
$42.2MWorld Rnk 34 / 206
Flag Rnk 414 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $24M in Electric Furnaces, making it the 29th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 288th most exported product in Hong Kong. The main destination of Electric Furnaces exports from Hong Kong are: China ($17.5M), Japan ($916k), Philippines ($891k), United States ($834k), and Indonesia ($363k).

The fastest growing export markets for Electric Furnaces of Hong Kong between 2022 and 2023 were China ($11.9M), United States ($598k), and Japan ($295k).

Imports In 2023, Hong Kong imported $42.2M in Electric Furnaces, becoming the 34th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 414th most imported product in Hong Kong. Hong Kong imports Electric Furnaces primarily from: China ($20.1M), Italy ($3.27M), Switzerland ($2.93M), Japan ($2.67M), and Germany ($1.92M).

The fastest growing import markets in Electric Furnaces for Hong Kong between 2022 and 2023 were China ($9.7M), Singapore ($1.59M), and Japan ($1.51M).

COMPANIES In 2024, leading companies such as Electrolux (3) and John Deere (2) were at the forefront of shipping Electric Furnaces from Hong Kong to the United States.

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 Electric Furnaces. 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)$24M
IMPORTS (2023)$42.2M
NET TRADE (2023)-$18.1M

In 2023, Hong Kong exported $24M in Electric Furnaces. The main destinations of Hong Kong exports on Electric Furnaces were China ($17.5M), Japan ($916k), Philippines ($891k), United States ($834k), and Indonesia ($363k).

In 2023, Hong Kong imported $42.2M in Electric Furnaces, mainly from China ($20.1M), Italy ($3.27M), Switzerland ($2.93M), Japan ($2.67M), and Germany ($1.92M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
China$11.9M (212%)
United States$598k (254%)
Japan$295k (47.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Hong Kong WERE (2022 - 2023):
Zimbabwe-$1.96M (-99.1%)
Uzbekistan-$468k (-95.5%)
Israel-$327k (-76.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Electric Furnaces were:
China $1.28B
Italy $638M
In 2023, Hong Kong's main importing competitors in Electric Furnaces were:

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Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.19M
TOP IMPORT POTENTIALChina+ $6.43M

Electric Furnaces’s highest export potential is China. With an export gap of $3.19M.   Electric Furnaces’s highest import potential is China with an import gap of $6.43M.

See methodology.

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