2022
Exports
$1.3MWorld Rnk 61 / 158
Flag Rnk 856 / 1177
2022
PRODUCT COMPLEXITY IN Industrial Furnaces
0.84Rnk 229 / 1025
2022
Imports
$18.1MWorld Rnk 54 / 213
Flag Rnk 589 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $1.3M in Industrial Furnaces, making it the 61st largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 856th most exported product in Hong Kong. The main destination of Industrial Furnaces exports from Hong Kong are: China ($466k), Brazil ($337k), Indonesia ($97.2k), Malaysia ($86.9k), and United Kingdom ($41.5k).

The fastest growing export markets for Industrial Furnaces of Hong Kong between 2021 and 2022 were Brazil ($337k), China ($328k), and Malaysia ($47.5k).

Imports In 2022, Hong Kong imported $18.1M in Industrial Furnaces, becoming the 54th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 589th most imported product in Hong Kong. Hong Kong imports Industrial Furnaces primarily from: China ($5.18M), Japan ($5.06M), Italy ($3.18M), Australia ($1.3M), and Chinese Taipei ($759k).

The fastest growing import markets in Industrial Furnaces for Hong Kong between 2021 and 2022 were Japan ($4.93M), Italy ($2.96M), and Australia ($1.1M).

Historical Data

Trade Balance

Color
EXPORTS (2022)$1.3M
IMPORTS (2022)$18.1M
NET TRADE (2022)-$16.8M

In 2022, Hong Kong exported $1.3M in Industrial Furnaces. The main destinations of Hong Kong exports on Industrial Furnaces were China ($466k), Brazil ($337k), Indonesia ($97.2k), Malaysia ($86.9k), and United Kingdom ($41.5k).

In 2022, Hong Kong imported $18.1M in Industrial Furnaces, mainly from China ($5.18M), Japan ($5.06M), Italy ($3.18M), Australia ($1.3M), and Chinese Taipei ($759k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Brazil$337k (1%)
China$328k (237%)
Malaysia$47.5k (120%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Hong Kong WERE (2021 - 2022):
Indonesia-$3.5M (-97.3%)
Cambodia-$239k (-100%)
India-$128k (-91%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Hong Kong's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
In 2022, Hong Kong's main importing competitors in Industrial Furnaces were:

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $432k
TOP IMPORT POTENTIALChina+ $3.81M

Industrial Furnaces’s highest export potential is China. With an export gap of $432k.   Industrial Furnaces’s highest import potential is China with an import gap of $3.81M.

See methodology.

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