2023
Exports
$8.78MWorld Rnk 58 / 190
Flag Rnk 471 / 1181
2023
PRODUCT COMPLEXITY IN Packing Bags
-1.73Rnk 976 / 1025
2023
Imports
$17.5MWorld Rnk 55 / 222
Flag Rnk 559 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $8.78M in Packing Bags, making it the 58th largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 471st most exported product in Hong Kong. The main destination of Packing Bags exports from Hong Kong are: Israel ($1.57M), Mozambique ($1.38M), Vietnam ($861k), Indonesia ($664k), and Cambodia ($636k).

The fastest growing export markets for Packing Bags of Hong Kong between 2022 and 2023 were Israel ($1.36M), Mozambique ($639k), and Vietnam ($488k).

Imports In 2023, Hong Kong imported $17.5M in Packing Bags, becoming the 55th largest importer of Packing Bags in the world. At the same year, Packing Bags was the 559th most imported product in Hong Kong. Hong Kong imports Packing Bags primarily from: China ($9.67M), United Kingdom ($4.16M), India ($991k), France ($453k), and Norway ($377k).

The fastest growing import markets in Packing Bags for Hong Kong between 2022 and 2023 were United Kingdom ($2.4M), China ($777k), and Norway ($363k).

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 Packing Bags. 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)$8.78M
IMPORTS (2023)$17.5M
NET TRADE (2023)-$8.72M

In 2023, Hong Kong exported $8.78M in Packing Bags. The main destinations of Hong Kong exports on Packing Bags were Israel ($1.57M), Mozambique ($1.38M), Vietnam ($861k), Indonesia ($664k), and Cambodia ($636k).

In 2023, Hong Kong imported $17.5M in Packing Bags, mainly from China ($9.67M), United Kingdom ($4.16M), India ($991k), France ($453k), and Norway ($377k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
Israel$1.36M (645%)
Mozambique$639k (86.9%)
Vietnam$488k (131%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY Hong Kong WERE (2022 - 2023):
Norway-$1.26M (-98.6%)
Italy-$426k (-94.7%)
Romania-$255k (-97.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Packing Bags were:
China $1.42B
India $1.14B
In 2023, Hong Kong's main importing competitors in Packing Bags were:

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $448k
TOP IMPORT POTENTIALChina+ $5.45M

Packing Bags’s highest export potential is United States. With an export gap of $448k.   Packing Bags’s highest import potential is China with an import gap of $5.45M.

See methodology.

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