2022
Exports
$175MWorld Rnk 38 / 226
Flag Rnk 48 / 96
2022
PRODUCT COMPLEXITY IN Tools & cutlery
1.7Rnk 24 / 1025
2022
Imports
$358MWorld Rnk 42 / 225
Flag Rnk 57 / 96
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $175M in Tools & cutlery, making it the 38th largest exporter of Tools & cutlery in the world. At the same year, Tools & cutlery was the 48th most exported product in Hong Kong. The main destination of Tools & cutlery exports from Hong Kong are: China ($42.8M), Germany ($17.4M), Mexico ($9.8M), Israel ($9.29M), and Chinese Taipei ($7.6M).

The fastest growing export markets for Tools & cutlery of Hong Kong between 2021 and 2022 were China ($2.44M), Israel ($851k), and Netherlands ($565k).

Imports In 2022, Hong Kong imported $358M in Tools & cutlery, becoming the 42nd largest importer of Tools & cutlery in the world. At the same year, Tools & cutlery was the 57th most imported product in Hong Kong. Hong Kong imports Tools & cutlery primarily from: China ($118M), Japan ($83M), Thailand ($24.7M), United States ($16.2M), and Chinese Taipei ($15.7M).

The fastest growing import markets in Tools & cutlery for Hong Kong between 2021 and 2022 were South Korea ($3.07M), Thailand ($2.84M), and Singapore ($2.27M).

COMPANIES In 2023, leading companies such as Cloud Network Technology (95), Hilti Power Tools (12), and Walong Marketing (11) were at the forefront of shipping Tools & cutlery 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 Tools & cutlery. 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)$175M
IMPORTS (2022)$358M
NET TRADE (2022)-$184M

In 2022, Hong Kong exported $175M in Tools & cutlery. The main destinations of Hong Kong exports on Tools & cutlery were China ($42.8M), Germany ($17.4M), Mexico ($9.8M), Israel ($9.29M), and Chinese Taipei ($7.6M).

In 2022, Hong Kong imported $358M in Tools & cutlery, mainly from China ($118M), Japan ($83M), Thailand ($24.7M), United States ($16.2M), and Chinese Taipei ($15.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tools & cutlery EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
China$2.44M (6.06%)
Israel$851k (10.1%)
Netherlands$565k (10.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tools & cutlery BY Hong Kong WERE (2021 - 2022):
Japan-$28.6M (-81.3%)
Mexico-$21M (-68.2%)
Chinese Taipei-$7.15M (-48.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Tools & cutlery were:
In 2022, Hong Kong's main importing competitors in Tools & cutlery were:

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Trade Value of Tools & cutlery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $14.7M
TOP IMPORT POTENTIALChina+ $74.1M

Tools & cutlery’s highest export potential is China. With an export gap of $14.7M.   Tools & cutlery’s highest import potential is China with an import gap of $74.1M.

See methodology.

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