2022
Exports
$189MWorld Rnk 20 / 202
Flag Rnk 81 / 1177
2022
PRODUCT COMPLEXITY IN Sauces and Seasonings
-0.62Rnk 736 / 1025
2022
Imports
$711MWorld Rnk 6 / 225
Flag Rnk 72 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $189M in Sauces and Seasonings, making it the 20th largest exporter of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 81st most exported product in Hong Kong. The main destination of Sauces and Seasonings exports from Hong Kong are: United States ($52.2M), Australia ($20.1M), United Kingdom ($18.7M), Japan ($18.4M), and South Korea ($17.4M).

The fastest growing export markets for Sauces and Seasonings of Hong Kong between 2021 and 2022 were United States ($4.99M), United Kingdom ($3.38M), and Chinese Taipei ($2.2M).

Imports In 2022, Hong Kong imported $711M in Sauces and Seasonings, becoming the 6th largest importer of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 72nd most imported product in Hong Kong. Hong Kong imports Sauces and Seasonings primarily from: China ($592M), Japan ($42.1M), Thailand ($14.3M), United States ($11.1M), and South Korea ($10.9M).

The fastest growing import markets in Sauces and Seasonings for Hong Kong between 2021 and 2022 were China ($309M), South Korea ($1.34M), and Chinese Taipei ($1.03M).

COMPANIES In 2023, leading companies such as Walong Marketing (33) and Loblaws Supermarkets (9) were at the forefront of shipping Sauces and Seasonings 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 Sauces and Seasonings. 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)$189M
IMPORTS (2022)$711M
NET TRADE (2022)-$522M

In 2022, Hong Kong exported $189M in Sauces and Seasonings. The main destinations of Hong Kong exports on Sauces and Seasonings were United States ($52.2M), Australia ($20.1M), United Kingdom ($18.7M), Japan ($18.4M), and South Korea ($17.4M).

In 2022, Hong Kong imported $711M in Sauces and Seasonings, mainly from China ($592M), Japan ($42.1M), Thailand ($14.3M), United States ($11.1M), and South Korea ($10.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sauces and Seasonings EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
United States$4.99M (10.6%)
United Kingdom$3.38M (22%)
Chinese Taipei$2.2M (62.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sauces and Seasonings BY Hong Kong WERE (2021 - 2022):
Netherlands-$2.93M (-26.6%)
France-$914k (-39.2%)
Nigeria-$640k (-84%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Sauces and Seasonings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $8.63M
TOP IMPORT POTENTIALUnited States+ $6.02M

Sauces and Seasonings’s highest export potential is China. With an export gap of $8.63M.   Sauces and Seasonings’s highest import potential is United States with an import gap of $6.02M.

See methodology.

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