2023
Exports
$792MWorld Rnk 38 / 214
Flag Rnk 22 / 1181
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$2.75BWorld Rnk 31 / 226
Flag Rnk 27 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $792M in Packaged Medicaments, making it the 38th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 22nd most exported product in Hong Kong. The main destination of Packaged Medicaments exports from Hong Kong are: China ($625M), Macau ($89.2M), Chinese Taipei ($26.2M), Singapore ($8.14M), and South Korea ($6.88M).

The fastest growing export markets for Packaged Medicaments of Hong Kong between 2022 and 2023 were China ($91.3M), Macau ($13.1M), and South Korea ($6.84M).

Imports In 2023, Hong Kong imported $2.75B in Packaged Medicaments, becoming the 31st largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 27th most imported product in Hong Kong. Hong Kong imports Packaged Medicaments primarily from: China ($299M), United States ($299M), Belgium ($245M), Japan ($226M), and Singapore ($225M).

The fastest growing import markets in Packaged Medicaments for Hong Kong between 2022 and 2023 were Belgium ($78.5M), South Korea ($64M), and Sweden ($54.3M).

Latest Trends

Jan 2025

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 Packaged Medicaments. 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 (2023)$792M
IMPORTS (2023)$2.75B
NET TRADE (2023)-$1.96B

In 2023, Hong Kong exported $792M in Packaged Medicaments. The main destinations of Hong Kong exports on Packaged Medicaments were China ($625M), Macau ($89.2M), Chinese Taipei ($26.2M), Singapore ($8.14M), and South Korea ($6.88M).

In 2023, Hong Kong imported $2.75B in Packaged Medicaments, mainly from China ($299M), United States ($299M), Belgium ($245M), Japan ($226M), and Singapore ($225M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
China$91.3M (17.1%)
Macau$13.1M (17.2%)
South Korea$6.84M (15.8k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Hong Kong WERE (2022 - 2023):
Iran-$12.4M (-100%)
Israel-$3.95M (-99.9%)
Malaysia-$2.47M (-27.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Packaged Medicaments were:
In 2023, Hong Kong's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $164M
TOP IMPORT POTENTIALChina+ $146M

Packaged Medicaments’s highest export potential is China. With an export gap of $164M.   Packaged Medicaments’s highest import potential is China with an import gap of $146M.

See methodology.

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