2022
Exports
$13.6MWorld Rnk 36 / 159
Flag Rnk 431 / 1177
2022
PRODUCT COMPLEXITY IN Electric Furnaces
1.31Rnk 93 / 1025
2022
Imports
$46.9MWorld Rnk 34 / 209
Flag Rnk 410 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $13.6M in Electric Furnaces, making it the 36th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 431st most exported product in Hong Kong. The main destination of Electric Furnaces exports from Hong Kong are: China ($6.07M), Zimbabwe ($1.98M), Philippines ($971k), Japan ($621k), and Uzbekistan ($490k).

The fastest growing export markets for Electric Furnaces of Hong Kong between 2021 and 2022 were China ($2.61M), Zimbabwe ($1.97M), and Uzbekistan ($487k).

Imports In 2022, Hong Kong imported $46.9M in Electric Furnaces, becoming the 34th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 410th most imported product in Hong Kong. Hong Kong imports Electric Furnaces primarily from: China ($23.4M), Switzerland ($4.5M), Italy ($4.17M), France ($3.5M), and Japan ($2.86M).

The fastest growing import markets in Electric Furnaces for Hong Kong between 2021 and 2022 were Italy ($2.11M), France ($2.03M), and Switzerland ($1.53M).

COMPANIES In 2023, leading companies such as John Deere (7) and Electrolux (1) were at the forefront of shipping Electric Furnaces from Hong Kong to the United States.

Latest Trends

Oct 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 Electric Furnaces. 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)$13.6M
IMPORTS (2022)$46.9M
NET TRADE (2022)-$33.4M

In 2022, Hong Kong exported $13.6M in Electric Furnaces. The main destinations of Hong Kong exports on Electric Furnaces were China ($6.07M), Zimbabwe ($1.98M), Philippines ($971k), Japan ($621k), and Uzbekistan ($490k).

In 2022, Hong Kong imported $46.9M in Electric Furnaces, mainly from China ($23.4M), Switzerland ($4.5M), Italy ($4.17M), France ($3.5M), and Japan ($2.86M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
China$2.61M (75.3%)
Zimbabwe$1.97M (16k%)
Uzbekistan$487k (18.9k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Hong Kong WERE (2021 - 2022):
Indonesia-$708k (-72.2%)
Chinese Taipei-$299k (-52.8%)
Singapore-$222k (-74.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Electric Furnaces were:
China $1.22B
Italy $722M
In 2022, Hong Kong's main importing competitors in Electric Furnaces were:

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Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.19M
TOP IMPORT POTENTIALChina+ $6.43M

Electric Furnaces’s highest export potential is China. With an export gap of $3.19M.   Electric Furnaces’s highest import potential is China with an import gap of $6.43M.

See methodology.

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