2022
Exports
$492MWorld Rnk 55 / 226
Flag Rnk 25 / 96
2022
PRODUCT COMPLEXITY IN Iron or steel articles
1.68Rnk 27 / 1025
2022
Imports
$2.58BWorld Rnk 39 / 225
Flag Rnk 19 / 96
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $492M in Iron or steel articles, making it the 55th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 25th most exported product in Hong Kong. The main destination of Iron or steel articles exports from Hong Kong are: Israel ($34M), India ($33.3M), China ($30.9M), Philippines ($30.7M), and United Kingdom ($26.2M).

The fastest growing export markets for Iron or steel articles of Hong Kong between 2021 and 2022 were Mozambique ($19.8M), Uzbekistan ($13.6M), and Panama ($10.3M).

Imports In 2022, Hong Kong imported $2.58B in Iron or steel articles, becoming the 39th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 19th most imported product in Hong Kong. Hong Kong imports Iron or steel articles primarily from: China ($1.99B), Japan ($78.5M), Chinese Taipei ($64M), South Korea ($60.3M), and Germany ($53.4M).

The fastest growing import markets in Iron or steel articles for Hong Kong between 2021 and 2022 were China ($151M), Singapore ($5.34M), and Italy ($3.1M).

COMPANIES In 2023, leading companies such as Cloud Network Technology (108), Wistron (22), and Mahle Behr (15) were at the forefront of shipping Iron or steel articles 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 Iron or steel articles. 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)$492M
IMPORTS (2022)$2.58B
NET TRADE (2022)-$2.09B

In 2022, Hong Kong exported $492M in Iron or steel articles. The main destinations of Hong Kong exports on Iron or steel articles were Israel ($34M), India ($33.3M), China ($30.9M), Philippines ($30.7M), and United Kingdom ($26.2M).

In 2022, Hong Kong imported $2.58B in Iron or steel articles, mainly from China ($1.99B), Japan ($78.5M), Chinese Taipei ($64M), South Korea ($60.3M), and Germany ($53.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Mozambique$19.8M (2.26k%)
Uzbekistan$13.6M (70.1k%)
Panama$10.3M (2.3k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Hong Kong WERE (2021 - 2022):
India-$26.3M (-44.1%)
China-$11.2M (-26.6%)
Vietnam-$5.2M (-37.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Iron or steel articles were:
China $109B
Germany $33.5B
Italy $22.2B
In 2022, Hong Kong's main importing competitors in Iron or steel articles were:

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Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $30.4M
TOP IMPORT POTENTIALChina+ $295M

Iron or steel articles’s highest export potential is China. With an export gap of $30.4M.   Iron or steel articles’s highest import potential is China with an import gap of $295M.

See methodology.

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