2022
Exports
$1.44BWorld Rnk 45 / 223
Flag Rnk 8 / 96
2022
PRODUCT COMPLEXITY IN Iron & steel
1.68Rnk 28 / 1025
2022
Imports
$3.16BWorld Rnk 42 / 225
Flag Rnk 12 / 96
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $1.44B in Iron & steel, making it the 45th largest exporter of Iron & steel in the world. At the same year, Iron & steel was the 8th most exported product in Hong Kong. The main destination of Iron & steel exports from Hong Kong are: China ($345M), Israel ($210M), India ($193M), Vietnam ($191M), and Indonesia ($176M).

The fastest growing export markets for Iron & steel of Hong Kong between 2021 and 2022 were India ($95.9M), Israel ($62.3M), and Poland ($22.4M).

Imports In 2022, Hong Kong imported $3.16B in Iron & steel, becoming the 42nd largest importer of Iron & steel in the world. At the same year, Iron & steel was the 12th most imported product in Hong Kong. Hong Kong imports Iron & steel primarily from: Malaysia ($1.11B), China ($453M), Vietnam ($319M), Japan ($220M), and United Arab Emirates ($210M).

The fastest growing import markets in Iron & steel for Hong Kong between 2021 and 2022 were Malaysia ($1.1B), United Arab Emirates ($198M), and Vietnam ($88.8M).

COMPANIES In 2023, leading companies such as John Deere (15), TPV Tech (8), and Cloud Network Technology (6) were at the forefront of shipping Iron & steel from Hong Kong to the United States.

Latest Trends

Jul 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 & steel. 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)$1.44B
IMPORTS (2022)$3.16B
NET TRADE (2022)-$1.71B

In 2022, Hong Kong exported $1.44B in Iron & steel. The main destinations of Hong Kong exports on Iron & steel were China ($345M), Israel ($210M), India ($193M), Vietnam ($191M), and Indonesia ($176M).

In 2022, Hong Kong imported $3.16B in Iron & steel, mainly from Malaysia ($1.11B), China ($453M), Vietnam ($319M), Japan ($220M), and United Arab Emirates ($210M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron & steel EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
India$95.9M (98.7%)
Israel$62.3M (42.3%)
Poland$22.4M (702k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron & steel BY Hong Kong WERE (2021 - 2022):
China-$55.8M (-13.9%)
Vietnam-$43.9M (-18.7%)
Malaysia-$35.5M (-36.2%)

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 & steel were:
China $69.8B
Germany $36.9B
Japan $35.7B
In 2022, Hong Kong's main importing competitors in Iron & steel were:

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Trade Value of Iron & steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $108M
TOP IMPORT POTENTIALChina+ $176M

Iron & steel’s highest export potential is China. With an export gap of $108M.   Iron & steel’s highest import potential is China with an import gap of $176M.

See methodology.

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