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2022
Exports $864World Rnk 124 / 149
Flag Rnk 1165 / 1177
2022
Destination $788 Belgium
2021 - 2022
FASTEST GROWING MARKET $788Belgium
2022
PRODUCT COMPLEXITY IN Crude Petroleum-2.25Rnk 1011 / 1025
2022
Imports $85.5MWorld Rnk 74 / 158
Flag Rnk 321 / 1207
2022
Origin $84 Canada
2021 - 2022
FASTEST GROWING ORIGIN $84Thailand
2022
ECONOMIC COMPLEXITY of Hong Kong1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $864 in Crude Petroleum, making it the 124th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1165th most exported product in Hong Kong. The main destination of Crude Petroleum exports from Hong Kong are: Belgium ($788) and Netherlands ($76).

The fastest growing export markets for Crude Petroleum of Hong Kong between 2021 and 2022 were Belgium ($788).

Imports In 2022, Hong Kong imported $85.5M in Crude Petroleum, becoming the 74th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 321st most imported product in Hong Kong. Hong Kong imports Crude Petroleum primarily from: Canada ($85.5M), United Arab Emirates ($1.26k), and Thailand ($84).

The fastest growing import markets in Crude Petroleum for Hong Kong between 2021 and 2022 were Thailand ($84).

Latest Trends

Sep 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 Crude Petroleum. 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)$864
IMPORTS (2022)$85.5M
NET TRADE (2022)-$85.5M

In 2022, Hong Kong exported $864 in Crude Petroleum. The main destinations of Hong Kong exports on Crude Petroleum were Belgium ($788) and Netherlands ($76).

In 2022, Hong Kong imported $85.5M in Crude Petroleum, mainly from Canada ($85.5M), United Arab Emirates ($1.26k), and Thailand ($84).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):Belgium$788 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Hong Kong WERE (2021 - 2022):
South Korea-$470 (-100%)
Netherlands-$97 (-56.1%)
Czechia-$10 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Crude Petroleum were:
Saudi Arabia $236B
Russia $133B
Canada $123B
In 2022, Hong Kong's main importing competitors in Crude Petroleum were:
China $287B
United States $199B
India $170B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBelgium+ $2.4k
TOP IMPORT POTENTIALCanada+ $18.5M

Crude Petroleum’s highest export potential is Belgium. With an export gap of $2.4k.   Crude Petroleum’s highest import potential is Canada with an import gap of $18.5M.

See methodology.

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