2023
Exports
$299MWorld Rnk 26 / 218
Flag Rnk 59 / 1181
2023
PRODUCT COMPLEXITY IN Beauty Products
0.35Rnk 441 / 1025
2023
Imports
$5.64BWorld Rnk 3 / 225
Flag Rnk 16 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $299M in Beauty Products, making it the 26th largest exporter of Beauty Products in the world. At the same year, Beauty Products was the 59th most exported product in Hong Kong. The main destination of Beauty Products exports from Hong Kong are: India ($138M), South Korea ($52.1M), Vietnam ($18.3M), China ($15M), and Macau ($12.4M).

The fastest growing export markets for Beauty Products of Hong Kong between 2022 and 2023 were India ($135M), South Korea ($46M), and Vietnam ($16.5M).

Imports In 2023, Hong Kong imported $5.64B in Beauty Products, becoming the 3rd largest importer of Beauty Products in the world. At the same year, Beauty Products was the 16th most imported product in Hong Kong. Hong Kong imports Beauty Products primarily from: South Korea ($2.24B), Singapore ($659M), China ($558M), Japan ($480M), and Switzerland ($413M).

The fastest growing import markets in Beauty Products for Hong Kong between 2022 and 2023 were China ($212M), Switzerland ($112M), and France ($64.3M).

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 Beauty Products. 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)$299M
IMPORTS (2023)$5.64B
NET TRADE (2023)-$5.34B

In 2023, Hong Kong exported $299M in Beauty Products. The main destinations of Hong Kong exports on Beauty Products were India ($138M), South Korea ($52.1M), Vietnam ($18.3M), China ($15M), and Macau ($12.4M).

In 2023, Hong Kong imported $5.64B in Beauty Products, mainly from South Korea ($2.24B), Singapore ($659M), China ($558M), Japan ($480M), and Switzerland ($413M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Beauty Products EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
India$135M (4.78k%)
South Korea$46M (750%)
Vietnam$16.5M (891%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Beauty Products BY Hong Kong WERE (2022 - 2023):
United States-$3.47M (-39.3%)
Macau-$2.79M (-18.4%)
France-$2.12M (-74.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Beauty Products were:
In 2023, Hong Kong's main importing competitors in Beauty Products were:

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Trade Value of Beauty Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $18.5M
TOP IMPORT POTENTIALChina+ $98.9M

Beauty Products’s highest export potential is China. With an export gap of $18.5M.   Beauty Products’s highest import potential is China with an import gap of $98.9M.

See methodology.

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