2022
Exports
$2.99BWorld Rnk 57 / 226
Flag Rnk 6 / 21
2022
PRODUCT COMPLEXITY IN Chemical Products
2.43Rnk 1 / 1025
2022
Imports
$12.8BWorld Rnk 37 / 226
Flag Rnk 5 / 21
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $2.99B in Chemical Products, making it the 57th largest exporter of Chemical Products in the world. At the same year, Chemical Products was the 6th most exported product in Hong Kong. The main destination of Chemical Products exports from Hong Kong are: China ($1.09B), Macau ($274M), India ($221M), Singapore ($112M), and Israel ($105M).

The fastest growing export markets for Chemical Products of Hong Kong between 2021 and 2022 were Angola ($58M), Iceland ($11.2M), and Dominican Republic ($9.1M).

Imports In 2022, Hong Kong imported $12.8B in Chemical Products, becoming the 37th largest importer of Chemical Products in the world. At the same year, Chemical Products was the 5th most imported product in Hong Kong. Hong Kong imports Chemical Products primarily from: China ($2.69B), Japan ($1.52B), South Korea ($1.28B), Singapore ($1.12B), and United States ($1.11B).

The fastest growing import markets in Chemical Products for Hong Kong between 2021 and 2022 were Ireland ($141M), India ($27.6M), and Democratic Republic of the Congo ($27M).

COMPANIES In 2023, leading companies such as Key Tronic (43), John Deere (42), and Stihl (34) were at the forefront of shipping Chemical Products from Hong Kong to the United States.

Latest Trends

Nov 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 Chemical 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 (2022)$2.99B
IMPORTS (2022)$12.8B
NET TRADE (2022)-$9.8B

In 2022, Hong Kong exported $2.99B in Chemical Products. The main destinations of Hong Kong exports on Chemical Products were China ($1.09B), Macau ($274M), India ($221M), Singapore ($112M), and Israel ($105M).

In 2022, Hong Kong imported $12.8B in Chemical Products, mainly from China ($2.69B), Japan ($1.52B), South Korea ($1.28B), Singapore ($1.12B), and United States ($1.11B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chemical Products EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Angola$58M (3.01k%)
Iceland$11.2M (1.94k%)
Dominican Republic$9.1M (312%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Products BY Hong Kong WERE (2021 - 2022):
China-$329M (-23.2%)
Hungary-$134M (-83.6%)
Zimbabwe-$114M (-78.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Chemical Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $471M
TOP IMPORT POTENTIALChina+ $906M

Chemical Products’s highest export potential is China. With an export gap of $471M.   Chemical Products’s highest import potential is China with an import gap of $906M.

See methodology.

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