2023
Exports
$5.75MWorld Rnk 88 / 186
Flag Rnk 568 / 1181
2023
PRODUCT COMPLEXITY IN Raw Sugar
-1.88Rnk 988 / 1025
2023
Imports
$107MWorld Rnk 76 / 225
Flag Rnk 268 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $5.75M in Raw Sugar, making it the 88th largest exporter of Raw Sugar in the world. At the same year, Raw Sugar was the 568th most exported product in Hong Kong. The main destination of Raw Sugar exports from Hong Kong are: Malaysia ($1.68M), Philippines ($1.35M), China ($1.02M), Macau ($749k), and Thailand ($321k).

The fastest growing export markets for Raw Sugar of Hong Kong between 2022 and 2023 were Malaysia ($1.67M), Philippines ($1.3M), and Thailand ($321k).

Imports In 2023, Hong Kong imported $107M in Raw Sugar, becoming the 76th largest importer of Raw Sugar in the world. At the same year, Raw Sugar was the 268th most imported product in Hong Kong. Hong Kong imports Raw Sugar primarily from: South Korea ($56.5M), Thailand ($20.7M), China ($20.5M), Malaysia ($3.63M), and Chinese Taipei ($1.67M).

The fastest growing import markets in Raw Sugar for Hong Kong between 2022 and 2023 were South Korea ($15.1M), China ($2.42M), and Malaysia ($1.19M).

Latest Trends

Dec 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 Raw Sugar. 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)$5.75M
IMPORTS (2023)$107M
NET TRADE (2023)-$101M

In 2023, Hong Kong exported $5.75M in Raw Sugar. The main destinations of Hong Kong exports on Raw Sugar were Malaysia ($1.68M), Philippines ($1.35M), China ($1.02M), Macau ($749k), and Thailand ($321k).

In 2023, Hong Kong imported $107M in Raw Sugar, mainly from South Korea ($56.5M), Thailand ($20.7M), China ($20.5M), Malaysia ($3.63M), and Chinese Taipei ($1.67M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Sugar EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
Malaysia$1.67M (21.9k%)
Philippines$1.3M (2.55k%)
Thailand$321k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Sugar BY Hong Kong WERE (2022 - 2023):
China-$1.28M (-55.7%)
Gambia-$614k (-100%)
United States-$201k (-78.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Raw Sugar were:
Brazil $16.2B
India $3.97B
In 2023, Hong Kong's main importing competitors in Raw Sugar were:

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Trade Value of Raw Sugar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.74M
TOP IMPORT POTENTIALThailand+ $2.4M

Raw Sugar’s highest export potential is China. With an export gap of $2.74M.   Raw Sugar’s highest import potential is Thailand with an import gap of $2.4M.

See methodology.

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