2022
Exports
$5.44MWorld Rnk 57 / 135
Flag Rnk 611 / 1177
2022
PRODUCT COMPLEXITY IN Soybean Oil
-0.93Rnk 821 / 1025
2022
Imports
$91.5MWorld Rnk 39 / 215
Flag Rnk 301 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $5.44M in Soybean Oil, making it the 57th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 611th most exported product in Hong Kong. The main destination of Soybean Oil exports from Hong Kong are: Macau ($3.77M), Fiji ($491k), Guam ($334k), China ($286k), and Malaysia ($229k).

The fastest growing export markets for Soybean Oil of Hong Kong between 2021 and 2022 were Fiji ($424k), Macau ($320k), and Malaysia ($229k).

Imports In 2022, Hong Kong imported $91.5M in Soybean Oil, becoming the 39th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 301st most imported product in Hong Kong. Hong Kong imports Soybean Oil primarily from: China ($61M), Thailand ($16.8M), Chinese Taipei ($8.66M), United States ($3.49M), and Malaysia ($653k).

The fastest growing import markets in Soybean Oil for Hong Kong between 2021 and 2022 were China ($27M), Japan ($81k), and United Kingdom ($70.8k).

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 Soybean Oil. 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)$5.44M
IMPORTS (2022)$91.5M
NET TRADE (2022)-$86.1M

In 2022, Hong Kong exported $5.44M in Soybean Oil. The main destinations of Hong Kong exports on Soybean Oil were Macau ($3.77M), Fiji ($491k), Guam ($334k), China ($286k), and Malaysia ($229k).

In 2022, Hong Kong imported $91.5M in Soybean Oil, mainly from China ($61M), Thailand ($16.8M), Chinese Taipei ($8.66M), United States ($3.49M), and Malaysia ($653k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Fiji$424k (625%)
Macau$320k (9.28%)
Malaysia$229k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Hong Kong WERE (2021 - 2022):
Sweden-$4.14k (-100%)
Canada-$1.49k (-100%)
Turkey-$9 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $373k
TOP IMPORT POTENTIALUnited States+ $1.56M

Soybean Oil’s highest export potential is China. With an export gap of $373k.   Soybean Oil’s highest import potential is United States with an import gap of $1.56M.

See methodology.

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