2023
Exports
$167MWorld Rnk 35 / 216
Flag Rnk 83 / 1181
2023
PRODUCT COMPLEXITY IN Electric Heaters
0.45Rnk 380 / 1025
2023
Imports
$483MWorld Rnk 34 / 225
Flag Rnk 98 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $167M in Electric Heaters, making it the 35th largest exporter of Electric Heaters in the world. At the same year, Electric Heaters was the 83rd most exported product in Hong Kong. The main destination of Electric Heaters exports from Hong Kong are: Indonesia ($38.6M), Germany ($35.4M), Russia ($15.5M), Netherlands ($10.9M), and United Kingdom ($7.72M).

The fastest growing export markets for Electric Heaters of Hong Kong between 2022 and 2023 were Germany ($22.2M), Russia ($10.9M), and South Korea ($1.33M).

Imports In 2023, Hong Kong imported $483M in Electric Heaters, becoming the 34th largest importer of Electric Heaters in the world. At the same year, Electric Heaters was the 98th most imported product in Hong Kong. Hong Kong imports Electric Heaters primarily from: China ($304M), Malaysia ($38.5M), Germany ($33M), Japan ($23.2M), and Philippines ($18.1M).

The fastest growing import markets in Electric Heaters for Hong Kong between 2022 and 2023 were Philippines ($6.8M), Singapore ($2.17M), and United Kingdom ($1.16M).

COMPANIES In 2024, leading companies such as Electrolux (118) were at the forefront of shipping Electric Heaters 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 Heaters. 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)$167M
IMPORTS (2023)$483M
NET TRADE (2023)-$316M

In 2023, Hong Kong exported $167M in Electric Heaters. The main destinations of Hong Kong exports on Electric Heaters were Indonesia ($38.6M), Germany ($35.4M), Russia ($15.5M), Netherlands ($10.9M), and United Kingdom ($7.72M).

In 2023, Hong Kong imported $483M in Electric Heaters, mainly from China ($304M), Malaysia ($38.5M), Germany ($33M), Japan ($23.2M), and Philippines ($18.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Heaters EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
Germany$22.2M (169%)
Russia$10.9M (237%)
South Korea$1.33M (594%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Heaters BY Hong Kong WERE (2022 - 2023):
Indonesia-$19.7M (-33.8%)
Israel-$15.8M (-93%)
United Kingdom-$14.4M (-65%)

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 Heaters were:
Germany $4.19B
Italy $2.87B
In 2023, Hong Kong's main importing competitors in Electric Heaters were:

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Trade Value of Electric Heaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.6M
TOP IMPORT POTENTIALChina+ $158M

Electric Heaters’s highest export potential is United States. With an export gap of $9.6M.   Electric Heaters’s highest import potential is China with an import gap of $158M.

See methodology.

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