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2022
ExportsfalseWorld Rnk 15 / 141
Flag Rnk 276 / 1177
2021 - 2022
FASTEST GROWING MARKET $820kVietnam
2022
PRODUCT COMPLEXITY IN Pile Fabric0.18Rnk 494 / 1025
2022
Origin $816k China
2021 - 2022
FASTEST GROWING ORIGIN $816kItaly
2022
ECONOMIC COMPLEXITY of Hong Kong1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $29.9M in Pile Fabric, making it the 15th largest exporter of Pile Fabric in the world. At the same year, Pile Fabric was the 276th most exported product in Hong Kong. The main destination of Pile Fabric exports from Hong Kong are: Indonesia ($15.6M), Vietnam ($2.89M), Thailand ($1.93M), Singapore ($1.26M), and China ($1.22M).

The fastest growing export markets for Pile Fabric of Hong Kong between 2021 and 2022 were Vietnam ($820k), Singapore ($587k), and Ethiopia ($515k).

The fastest growing import markets in Pile Fabric for Hong Kong between 2021 and 2022 were Italy ($816k), Thailand ($70.3k), and United Kingdom ($20.5k).

COMPANIES In 2023, leading companies such as Cloud Network Technology (1) were at the forefront of shipping Pile Fabric 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 Pile Fabric. 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)$29.9M

In 2022, Hong Kong exported $29.9M in Pile Fabric. The main destinations of Hong Kong exports on Pile Fabric were Indonesia ($15.6M), Vietnam ($2.89M), Thailand ($1.93M), Singapore ($1.26M), and China ($1.22M).

In N/A, Hong Kong imported N/A in Pile Fabric, mainly from China ($43M), Chinese Taipei ($5.18M), Italy ($2.69M), South Korea ($1.75M), and United States ($419k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pile Fabric EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Vietnam$820k (39.7%)
Singapore$587k (87.6%)
Ethiopia$515k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pile Fabric BY Hong Kong WERE (2021 - 2022):
Indonesia-$9.18M (-37.1%)
China-$5.86M (-82.7%)
Bangladesh-$5.86M (-88.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Pile Fabric were:
China $4.28B
South Korea $191M
Malaysia $184M
In 2022, Hong Kong's main importing competitors in Pile Fabric were:
Vietnam $584M
Bangladesh $554M
Indonesia $285M

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Trade Value of Pile Fabric by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $1.14M
TOP IMPORT POTENTIALChina+ $14.1M

Pile Fabric’s highest export potential is China. With an export gap of $1.14M.   Pile Fabric’s highest import potential is China with an import gap of $14.1M.

See methodology.

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