2022
Exports
$318MWorld Rnk 118 / 216
Flag Rnk 39 / 96
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$18.5BWorld Rnk 38 / 225
Flag Rnk 4 / 96
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $318M in Mineral fuels, mineral oils and products of their distillation, making it the 118th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 39th most exported product in Hong Kong. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Hong Kong are: China ($138M), Cambodia ($33.9M), Chinese Taipei ($28.6M), Australia ($19M), and Singapore ($12M).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Hong Kong between 2021 and 2022 were Cambodia ($33.8M), China ($24.4M), and Chinese Taipei ($5.1M).

Imports In 2022, Hong Kong imported $18.5B in Mineral fuels, mineral oils and products of their distillation, becoming the 38th largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 4th most imported product in Hong Kong. Hong Kong imports Mineral fuels, mineral oils and products of their distillation primarily from: China ($10.8B), Singapore ($2.02B), Indonesia ($1.57B), Malaysia ($1.35B), and South Korea ($928M).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Hong Kong between 2021 and 2022 were China ($3.97B), Indonesia ($1.02B), and Malaysia ($772M).

COMPANIES In 2023, leading companies such as Wistron (44), Panasonic (21), and Cinmar (7) were at the forefront of shipping Mineral fuels, mineral oils and products of their distillation from Hong Kong to the United States.

Latest Trends

Nov 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 Mineral fuels, mineral oils and products of their distillation. 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)$318M
IMPORTS (2022)$18.5B
NET TRADE (2022)-$18.2B

In 2022, Hong Kong exported $318M in Mineral fuels, mineral oils and products of their distillation. The main destinations of Hong Kong exports on Mineral fuels, mineral oils and products of their distillation were China ($138M), Cambodia ($33.9M), Chinese Taipei ($28.6M), Australia ($19M), and Singapore ($12M).

In 2022, Hong Kong imported $18.5B in Mineral fuels, mineral oils and products of their distillation, mainly from China ($10.8B), Singapore ($2.02B), Indonesia ($1.57B), Malaysia ($1.35B), and South Korea ($928M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Cambodia$33.8M (26k%)
China$24.4M (21.5%)
Chinese Taipei$5.1M (21.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Hong Kong WERE (2021 - 2022):
Russia-$145M (-94.6%)
Angola-$22.5M (-100%)
India-$15.2M (-70.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Hong Kong's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $92.7M
TOP IMPORT POTENTIALSouth Korea+ $175M

Mineral fuels, mineral oils and products of their distillation’s highest export potential is China. With an export gap of $92.7M.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is South Korea with an import gap of $175M.

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