2023
Exports
$53.6MWorld Rnk 30 / 165
Flag Rnk 186 / 1181
2023
PRODUCT COMPLEXITY IN Hydrogen
-0.073Rnk 582 / 1025
2023
Imports
$71.2MWorld Rnk 30 / 217
Flag Rnk 321 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $53.6M in Hydrogen, making it the 30th largest exporter of Hydrogen in the world. At the same year, Hydrogen was the 186th most exported product in Hong Kong. The main destination of Hydrogen exports from Hong Kong are: China ($35.9M), France ($4.06M), South Korea ($3.24M), Malaysia ($1.81M), and Thailand ($1.63M).

The fastest growing export markets for Hydrogen of Hong Kong between 2022 and 2023 were China ($12.4M), South Korea ($1.07M), and Russia ($408k).

Imports In 2023, Hong Kong imported $71.2M in Hydrogen, becoming the 30th largest importer of Hydrogen in the world. At the same year, Hydrogen was the 321st most imported product in Hong Kong. Hong Kong imports Hydrogen primarily from: Qatar ($16.7M), China ($12.5M), Singapore ($10.6M), South Korea ($4.93M), and India ($4.58M).

The fastest growing import markets in Hydrogen for Hong Kong between 2022 and 2023 were Qatar ($15.1M), India ($3.87M), and Singapore ($3.32M).

Latest Trends

Jan 2025

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 Hydrogen. 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 (2023)$53.6M
IMPORTS (2023)$71.2M
NET TRADE (2023)-$17.7M

In 2023, Hong Kong exported $53.6M in Hydrogen. The main destinations of Hong Kong exports on Hydrogen were China ($35.9M), France ($4.06M), South Korea ($3.24M), Malaysia ($1.81M), and Thailand ($1.63M).

In 2023, Hong Kong imported $71.2M in Hydrogen, mainly from Qatar ($16.7M), China ($12.5M), Singapore ($10.6M), South Korea ($4.93M), and India ($4.58M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hydrogen EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
China$12.4M (52.6%)
South Korea$1.07M (49.2%)
Russia$408k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hydrogen BY Hong Kong WERE (2022 - 2023):
India-$22.4M (-97.8%)
United States-$7.82M (-95.3%)
Malaysia-$4.88M (-73%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Hydrogen were:
In 2023, Hong Kong's main importing competitors in Hydrogen were:
China $2.1B
Japan $1.45B
Germany $1.27B

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Trade Value of Hydrogen by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $18.3M
TOP IMPORT POTENTIALChina+ $14.1M

Hydrogen’s highest export potential is China. With an export gap of $18.3M.   Hydrogen’s highest import potential is China with an import gap of $14.1M.

See methodology.

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