2018
Exports
$143kWorld Rnk 65 / 107
Flag Rnk 1031 / 1181
2023
PRODUCT COMPLEXITY IN Iron Ingots
-1.38Rnk 922 / 1025
2018
Imports
$231kWorld Rnk 73 / 175
Flag Rnk 1114 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2018, Hong Kong exported $143k in Iron Ingots, making it the 65th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 1031st most exported product in Hong Kong. The main destination of Iron Ingots exports from Hong Kong are: Brazil ($82.5k), Armenia ($52.8k), Sweden ($3.2k), Madagascar ($3k), and Philippines ($450).

The fastest growing export markets for Iron Ingots of Hong Kong between 2022 and 2023 were Brazil ($82.5k), Armenia ($52.8k), and Sweden ($3.1k).

Imports In 2023, Hong Kong imported $231k in Iron Ingots, becoming the 73rd largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 1114th most imported product in Hong Kong. Hong Kong imports Iron Ingots primarily from: United States ($202k), Sweden ($16.4k), Thailand ($8.72k), South Korea ($2.6k), and Malaysia ($1.07k).

The fastest growing import markets in Iron Ingots for Hong Kong between 2022 and 2023 were United States ($157k), Thailand ($8.72k), and Sweden ($5.62k).

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 Iron Ingots. 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)$143k
IMPORTS (2023)$231k
NET TRADE (2023)-$88k

In 2023, Hong Kong exported $143k in Iron Ingots. The main destinations of Hong Kong exports on Iron Ingots were Brazil ($82.5k), Armenia ($52.8k), Sweden ($3.2k), Madagascar ($3k), and Philippines ($450).

In 2023, Hong Kong imported $231k in Iron Ingots, mainly from United States ($202k), Sweden ($16.4k), Thailand ($8.72k), South Korea ($2.6k), and Malaysia ($1.07k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
Brazil$82.5k (1%)
Armenia$52.8k (1%)
Sweden$3.1k (3.14k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Hong Kong WERE (2022 - 2023):
Indonesia-$221k (-100%)
South Korea-$6.39k (-100%)
Norway-$3.97k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Iron Ingots were:
India $254M
China $65.3M
Italy $48.7M
In 2023, Hong Kong's main importing competitors in Iron Ingots were:
Italy $238M
Jordan $67.8M
Spain $41.3M

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $2.54k
TOP IMPORT POTENTIALUnited States+ $6.74k

Iron Ingots’s highest export potential is Netherlands. With an export gap of $2.54k.   Iron Ingots’s highest import potential is United States with an import gap of $6.74k.

See methodology.

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