2022
Exports
$17MWorld Rnk 44 / 128
Flag Rnk 382 / 1177
2022
PRODUCT COMPLEXITY IN Iron Ore
-1.79Rnk 980 / 1025
2022
Imports
$19MWorld Rnk 51 / 130
Flag Rnk 578 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $17M in Iron Ore, making it the 44th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 382nd most exported product in Hong Kong. The main destination of Iron Ore exports from Hong Kong are: Malaysia ($17M), Thailand ($1.13k), Lithuania ($494), and Netherlands ($222).

The fastest growing export markets for Iron Ore of Hong Kong between 2021 and 2022 were Malaysia ($10.8M), Thailand ($1.13k), and Lithuania ($494).

Imports In 2022, Hong Kong imported $19M in Iron Ore, becoming the 51st largest importer of Iron Ore in the world. At the same year, Iron Ore was the 578th most imported product in Hong Kong. Hong Kong imports Iron Ore primarily from: Australia ($15M), Fiji ($3.07M), South Africa ($653k), Bahrain ($180k), and Brazil ($50k).

The fastest growing import markets in Iron Ore for Hong Kong between 2021 and 2022 were Fiji ($3.07M), Bahrain ($120k), and Brazil ($50k).

Latest Trends

Aug 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 Iron Ore. 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)$17M
IMPORTS (2022)$19M
NET TRADE (2022)-$2.05M

In 2022, Hong Kong exported $17M in Iron Ore. The main destinations of Hong Kong exports on Iron Ore were Malaysia ($17M), Thailand ($1.13k), Lithuania ($494), and Netherlands ($222).

In 2022, Hong Kong imported $19M in Iron Ore, mainly from Australia ($15M), Fiji ($3.07M), South Africa ($653k), Bahrain ($180k), and Brazil ($50k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Malaysia$10.8M (175%)
Thailand$1.13k (1%)
Lithuania$494 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Hong Kong WERE (2021 - 2022):China-$216k (-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 Iron Ore were:
Brazil $30.1B
Canada $6.81B
In 2022, Hong Kong's main importing competitors in Iron Ore were:

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $9.26k
TOP IMPORT POTENTIALAustralia+ $7.52M

Iron Ore’s highest export potential is China. With an export gap of $9.26k.   Iron Ore’s highest import potential is Australia with an import gap of $7.52M.

See methodology.

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