2022
Exports
$231MWorld Rnk 25 / 198
Flag Rnk 68 / 1177
2022
PRODUCT COMPLEXITY IN Air Conditioners
0.55Rnk 346 / 1025
2022
Imports
$578MWorld Rnk 32 / 224
Flag Rnk 84 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $231M in Air Conditioners, making it the 25th largest exporter of Air Conditioners in the world. At the same year, Air Conditioners was the 68th most exported product in Hong Kong. The main destination of Air Conditioners exports from Hong Kong are: Hungary ($98.2M), Brazil ($19.2M), China ($10.4M), Paraguay ($9.68M), and Macau ($9.26M).

The fastest growing export markets for Air Conditioners of Hong Kong between 2021 and 2022 were Hungary ($59.8M), Paraguay ($6.4M), and Brazil ($5.37M).

Imports In 2022, Hong Kong imported $578M in Air Conditioners, becoming the 32nd largest importer of Air Conditioners in the world. At the same year, Air Conditioners was the 84th most imported product in Hong Kong. Hong Kong imports Air Conditioners primarily from: China ($345M), Thailand ($79.3M), Malaysia ($63.1M), Philippines ($42.9M), and Singapore ($9.08M).

The fastest growing import markets in Air Conditioners for Hong Kong between 2021 and 2022 were Philippines ($4M), United Kingdom ($2.79M), and Venezuela ($2.45M).

COMPANIES In 2023, leading companies such as Electrolux (18), Ford Motor Company (3), and John Deere (2) were at the forefront of shipping Air Conditioners from Hong Kong to the United States.

Latest Trends

Aug 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 Air Conditioners. 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)$231M
IMPORTS (2022)$578M
NET TRADE (2022)-$347M

In 2022, Hong Kong exported $231M in Air Conditioners. The main destinations of Hong Kong exports on Air Conditioners were Hungary ($98.2M), Brazil ($19.2M), China ($10.4M), Paraguay ($9.68M), and Macau ($9.26M).

In 2022, Hong Kong imported $578M in Air Conditioners, mainly from China ($345M), Thailand ($79.3M), Malaysia ($63.1M), Philippines ($42.9M), and Singapore ($9.08M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Air Conditioners EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Hungary$59.8M (156%)
Paraguay$6.4M (195%)
Brazil$5.37M (38.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Air Conditioners BY Hong Kong WERE (2021 - 2022):
Japan-$10.4M (-73.9%)
India-$6.86M (-89.8%)
Israel-$5.03M (-46%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Air Conditioners were:
China $23.1B
In 2022, Hong Kong's main importing competitors in Air Conditioners were:

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Trade Value of Air Conditioners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $10.3M
TOP IMPORT POTENTIALChina+ $149M

Air Conditioners’s highest export potential is United States. With an export gap of $10.3M.   Air Conditioners’s highest import potential is China with an import gap of $149M.

See methodology.

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