2022
Exports
$171MWorld Rnk 2 / 163
Flag Rnk 89 / 1177
2022
PRODUCT COMPLEXITY IN Labels
-0.16Rnk 599 / 1025
2022
Imports
$121MWorld Rnk 2 / 211
Flag Rnk 259 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $171M in Labels, making it the 2nd largest exporter of Labels in the world. At the same year, Labels was the 89th most exported product in Hong Kong. The main destination of Labels exports from Hong Kong are: Bangladesh ($29.5M), Indonesia ($27.2M), Vietnam ($22.1M), India ($14.6M), and Cambodia ($14.5M).

The fastest growing export markets for Labels of Hong Kong between 2021 and 2022 were Burma ($2.52M), Indonesia ($2.16M), and Pakistan ($647k).

Imports In 2022, Hong Kong imported $121M in Labels, becoming the 2nd largest importer of Labels in the world. At the same year, Labels was the 259th most imported product in Hong Kong. Hong Kong imports Labels primarily from: China ($109M), United States ($2.98M), Italy ($2.3M), Canada ($1.37M), and Malaysia ($1.14M).

The fastest growing import markets in Labels for Hong Kong between 2021 and 2022 were Bangladesh ($160k), Cambodia ($135k), and United Arab Emirates ($82.4k).

Latest Trends

Oct 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 Labels. 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)$171M
IMPORTS (2022)$121M
NET TRADE (2022)$49.8M

In 2022, Hong Kong exported $171M in Labels. The main destinations of Hong Kong exports on Labels were Bangladesh ($29.5M), Indonesia ($27.2M), Vietnam ($22.1M), India ($14.6M), and Cambodia ($14.5M).

In 2022, Hong Kong imported $121M in Labels, mainly from China ($109M), United States ($2.98M), Italy ($2.3M), Canada ($1.37M), and Malaysia ($1.14M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Labels EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Burma$2.52M (257%)
Indonesia$2.16M (8.6%)
Pakistan$647k (111%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Labels BY Hong Kong WERE (2021 - 2022):
Cambodia-$15.9M (-52.2%)
Vietnam-$4.51M (-17%)
China-$4.37M (-34.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Labels were:
In 2022, Hong Kong's main importing competitors in Labels were:

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Trade Value of Labels by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.56M
TOP IMPORT POTENTIALSouth Korea+ $517k

Labels’s highest export potential is China. With an export gap of $2.56M.   Labels’s highest import potential is South Korea with an import gap of $517k.

See methodology.

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