2022
Exports
$2.54MWorld Rnk 54 / 188
Flag Rnk 758 / 1177
2022
PRODUCT COMPLEXITY IN Hand-Woven Rugs
-0.91Rnk 811 / 1025
2022
Imports
$8.34MWorld Rnk 74 / 217
Flag Rnk 750 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $2.54M in Hand-Woven Rugs, making it the 54th largest exporter of Hand-Woven Rugs in the world. At the same year, Hand-Woven Rugs was the 758th most exported product in Hong Kong. The main destination of Hand-Woven Rugs exports from Hong Kong are: China ($1.46M), United States ($189k), Australia ($143k), Macau ($77.7k), and Brazil ($68k).

The fastest growing export markets for Hand-Woven Rugs of Hong Kong between 2021 and 2022 were China ($748k), United States ($92.8k), and Hungary ($45.7k).

Imports In 2022, Hong Kong imported $8.34M in Hand-Woven Rugs, becoming the 74th largest importer of Hand-Woven Rugs in the world. At the same year, Hand-Woven Rugs was the 750th most imported product in Hong Kong. Hong Kong imports Hand-Woven Rugs primarily from: China ($4.7M), Thailand ($839k), Germany ($430k), Switzerland ($426k), and United States ($377k).

The fastest growing import markets in Hand-Woven Rugs for Hong Kong between 2021 and 2022 were China ($1.37M), Switzerland ($210k), and Belgium ($194k).

COMPANIES In 2023, leading companies such as Giorgio Armani (5) were at the forefront of shipping Hand-Woven Rugs from Hong Kong to the United States.

Latest Trends

Jul 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 Hand-Woven Rugs. 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)$2.54M
IMPORTS (2022)$8.34M
NET TRADE (2022)-$5.81M

In 2022, Hong Kong exported $2.54M in Hand-Woven Rugs. The main destinations of Hong Kong exports on Hand-Woven Rugs were China ($1.46M), United States ($189k), Australia ($143k), Macau ($77.7k), and Brazil ($68k).

In 2022, Hong Kong imported $8.34M in Hand-Woven Rugs, mainly from China ($4.7M), Thailand ($839k), Germany ($430k), Switzerland ($426k), and United States ($377k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand-Woven Rugs EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
China$748k (105%)
United States$92.8k (96.3%)
Hungary$45.7k (41.1k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand-Woven Rugs BY Hong Kong WERE (2021 - 2022):
Macau-$776k (-90.9%)
India-$166k (-80.4%)
Maldives-$112k (-99.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Hand-Woven Rugs were:
Turkey $2.34B
India $785M
China $584M
In 2022, Hong Kong's main importing competitors in Hand-Woven Rugs were:

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Trade Value of Hand-Woven Rugs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $298k
TOP IMPORT POTENTIALChina+ $1.61M

Hand-Woven Rugs’s highest export potential is United States. With an export gap of $298k.   Hand-Woven Rugs’s highest import potential is China with an import gap of $1.61M.

See methodology.

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