2022
Exports
$2.84MWorld Rnk 68 / 196
Flag Rnk 738 / 1177
2022
PRODUCT COMPLEXITY IN Essential Oils
-1.09Rnk 855 / 1025
2022
Imports
$67.9MWorld Rnk 19 / 214
Flag Rnk 357 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $2.84M in Essential Oils, making it the 68th largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 738th most exported product in Hong Kong. The main destination of Essential Oils exports from Hong Kong are: China ($688k), Malaysia ($329k), Austria ($275k), Indonesia ($190k), and United Kingdom ($182k).

The fastest growing export markets for Essential Oils of Hong Kong between 2021 and 2022 were China ($482k), Austria ($266k), and Malaysia ($251k).

Imports In 2022, Hong Kong imported $67.9M in Essential Oils, becoming the 19th largest importer of Essential Oils in the world. At the same year, Essential Oils was the 357th most imported product in Hong Kong. Hong Kong imports Essential Oils primarily from: India ($28.3M), China ($17.7M), United States ($6.73M), France ($2.8M), and United Kingdom ($1.91M).

The fastest growing import markets in Essential Oils for Hong Kong between 2021 and 2022 were India ($26.8M), China ($5.02M), and South Korea ($1.26M).

COMPANIES In 2023, leading companies such as Walong Marketing (19) were at the forefront of shipping Essential Oils from Hong Kong to the United States.

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 Essential Oils. 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)$2.84M
IMPORTS (2022)$67.9M
NET TRADE (2022)-$65M

In 2022, Hong Kong exported $2.84M in Essential Oils. The main destinations of Hong Kong exports on Essential Oils were China ($688k), Malaysia ($329k), Austria ($275k), Indonesia ($190k), and United Kingdom ($182k).

In 2022, Hong Kong imported $67.9M in Essential Oils, mainly from India ($28.3M), China ($17.7M), United States ($6.73M), France ($2.8M), and United Kingdom ($1.91M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
China$482k (234%)
Austria$266k (2.74k%)
Malaysia$251k (321%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Hong Kong WERE (2021 - 2022):
India-$8.82M (-99.9%)
Chinese Taipei-$1.56M (-95.8%)
Macau-$339k (-72.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $588k
TOP IMPORT POTENTIALChina+ $3.36M

Essential Oils’s highest export potential is China. With an export gap of $588k.   Essential Oils’s highest import potential is China with an import gap of $3.36M.

See methodology.

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