2022
Exports
$224kWorld Rnk 54 / 89
Flag Rnk 1027 / 1177
2022
PRODUCT COMPLEXITY IN Iron Reductions
-1.54Rnk 951 / 1025
2022
Imports
$5.26kWorld Rnk 118 / 144
Flag Rnk 1191 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $224k in Iron Reductions, making it the 54th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 1027th most exported product in Hong Kong. The main destination of Iron Reductions exports from Hong Kong are: Norway ($192k), Mozambique ($31.3k), Malaysia ($1.1k), Switzerland ($140), and Thailand ($10).

The fastest growing export markets for Iron Reductions of Hong Kong between 2021 and 2022 were Norway ($192k), Mozambique ($31.3k), and Switzerland ($140).

Imports In 2022, Hong Kong imported $5.26k in Iron Reductions, becoming the 118th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 1191st most imported product in Hong Kong. Hong Kong imports Iron Reductions primarily from: Italy ($4.67k), China ($592), and Thailand ($3).

The fastest growing import markets in Iron Reductions for Hong Kong between 2021 and 2022 were Italy ($4.67k).

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 Reductions. 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)$224k
IMPORTS (2022)$5.26k
NET TRADE (2022)$219k

In 2022, Hong Kong exported $224k in Iron Reductions. The main destinations of Hong Kong exports on Iron Reductions were Norway ($192k), Mozambique ($31.3k), Malaysia ($1.1k), Switzerland ($140), and Thailand ($10).

In 2022, Hong Kong imported $5.26k in Iron Reductions, mainly from Italy ($4.67k), China ($592), and Thailand ($3).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Norway$192k (1%)
Mozambique$31.3k (1%)
Switzerland$140 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Hong Kong WERE (2021 - 2022):
Malaysia-$169k (-99.3%)
India-$2.45k (-100%)
Iceland-$2.3k (-100%)

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 Reductions were:
In 2022, Hong Kong's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $2.57k
TOP IMPORT POTENTIALChina+ $2.36k

Iron Reductions’s highest export potential is Malaysia. With an export gap of $2.57k.   Iron Reductions’s highest import potential is China with an import gap of $2.36k.

See methodology.

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