2022
Exports
$216MWorld Rnk 44 / 217
Flag Rnk 44 / 96
2022
PRODUCT COMPLEXITY IN Paints, dyes, & varnishes
1.08Rnk 144 / 1025
2022
Imports
$601MWorld Rnk 40 / 225
Flag Rnk 44 / 96
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $216M in Paints, dyes, & varnishes, making it the 44th largest exporter of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 44th most exported product in Hong Kong. The main destination of Paints, dyes, & varnishes exports from Hong Kong are: Israel ($35.9M), China ($31.2M), Brazil ($28.4M), India ($13.1M), and Dominican Republic ($11.5M).

The fastest growing export markets for Paints, dyes, & varnishes of Hong Kong between 2021 and 2022 were Dominican Republic ($10.4M), Israel ($8.07M), and Vietnam ($2.67M).

Imports In 2022, Hong Kong imported $601M in Paints, dyes, & varnishes, becoming the 40th largest importer of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 44th most imported product in Hong Kong. Hong Kong imports Paints, dyes, & varnishes primarily from: Japan ($165M), China ($129M), Chinese Taipei ($69.8M), United States ($36.7M), and South Korea ($35M).

The fastest growing import markets in Paints, dyes, & varnishes for Hong Kong between 2021 and 2022 were Thailand ($1.4M), Mexico ($440k), and Norway ($323k).

COMPANIES In 2023, leading companies such as Key Tronic (5), Amazon (1), and IKEA Group (1) were at the forefront of shipping Paints, dyes, & varnishes from Hong Kong to the United States.

Latest Trends

Jul 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 Paints, dyes, & varnishes. 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)$216M
IMPORTS (2022)$601M
NET TRADE (2022)-$386M

In 2022, Hong Kong exported $216M in Paints, dyes, & varnishes. The main destinations of Hong Kong exports on Paints, dyes, & varnishes were Israel ($35.9M), China ($31.2M), Brazil ($28.4M), India ($13.1M), and Dominican Republic ($11.5M).

In 2022, Hong Kong imported $601M in Paints, dyes, & varnishes, mainly from Japan ($165M), China ($129M), Chinese Taipei ($69.8M), United States ($36.7M), and South Korea ($35M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Paints, dyes, & varnishes EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Dominican Republic$10.4M (1k%)
Israel$8.07M (29%)
Vietnam$2.67M (42.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Paints, dyes, & varnishes BY Hong Kong WERE (2021 - 2022):
China-$26.6M (-46%)
Malaysia-$8.55M (-75.6%)
Japan-$6.5M (-49.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Paints, dyes, & varnishes were:
In 2022, Hong Kong's main importing competitors in Paints, dyes, & varnishes were:

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Trade Value of Paints, dyes, & varnishes by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $15.5M
TOP IMPORT POTENTIALChina+ $33.2M

Paints, dyes, & varnishes’s highest export potential is China. With an export gap of $15.5M.   Paints, dyes, & varnishes’s highest import potential is China with an import gap of $33.2M.

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