2022
Exports
$4.04MWorld Rnk 17 / 112
Flag Rnk 679 / 1177
2022
PRODUCT COMPLEXITY IN Fireworks
0.54Rnk 355 / 1025
2022
Imports
$4.15MWorld Rnk 54 / 195
Flag Rnk 863 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $4.04M in Fireworks, making it the 17th largest exporter of Fireworks in the world. At the same year, Fireworks was the 679th most exported product in Hong Kong. The main destination of Fireworks exports from Hong Kong are: United States ($1.97M), Colombia ($1.49M), South Africa ($261k), Germany ($216k), and Fiji ($83.4k).

The fastest growing export markets for Fireworks of Hong Kong between 2021 and 2022 were Colombia ($1.35M), United States ($258k), and South Africa ($239k).

Imports In 2022, Hong Kong imported $4.15M in Fireworks, becoming the 54th largest importer of Fireworks in the world. At the same year, Fireworks was the 863rd most imported product in Hong Kong. Hong Kong imports Fireworks primarily from: United States ($3.9M), Thailand ($129k), Germany ($73.8k), Brazil ($15.2k), and Singapore ($13.1k).

The fastest growing import markets in Fireworks for Hong Kong between 2021 and 2022 were United States ($3.73M), Canada ($11k), and Brazil ($5.01k).

COMPANIES In 2023, leading companies such as Baxter Healthcare (12), Key Tronic (4), and TE Connectivity (2) were at the forefront of shipping Fireworks from Hong Kong to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

View
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 Fireworks. 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)$4.04M
IMPORTS (2022)$4.15M
NET TRADE (2022)-$108k

In 2022, Hong Kong exported $4.04M in Fireworks. The main destinations of Hong Kong exports on Fireworks were United States ($1.97M), Colombia ($1.49M), South Africa ($261k), Germany ($216k), and Fiji ($83.4k).

In 2022, Hong Kong imported $4.15M in Fireworks, mainly from United States ($3.9M), Thailand ($129k), Germany ($73.8k), Brazil ($15.2k), and Singapore ($13.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fireworks EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Colombia$1.35M (932%)
United States$258k (15%)
South Africa$239k (1.08k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fireworks BY Hong Kong WERE (2021 - 2022):
Norway-$79.9k (-97.3%)
Singapore-$5.1k (-92.5%)
Poland-$3.58k (-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 Fireworks were:
China $1.29B
Germany $91.7M
France $89.4M
In 2022, Hong Kong's main importing competitors in Fireworks were:

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Trade Value of Fireworks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $482k
TOP IMPORT POTENTIALGermany+ $64.1k

Fireworks’s highest export potential is United States. With an export gap of $482k.   Fireworks’s highest import potential is Germany with an import gap of $64.1k.

See methodology.

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