2022
Exports
$1.88MWorld Rnk 72 / 149
Flag Rnk 796 / 1177
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$20.1MWorld Rnk 114 / 208
Flag Rnk 564 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $1.88M in Palm Oil, making it the 72nd largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 796th most exported product in Hong Kong. The main destination of Palm Oil exports from Hong Kong are: Israel ($1.68M), Serbia ($136k), Hungary ($48.4k), Macau ($6.27k), and Canada ($254).

The fastest growing export markets for Palm Oil of Hong Kong between 2021 and 2022 were Israel ($1.52M), Hungary ($48.4k), and Canada ($80).

Imports In 2022, Hong Kong imported $20.1M in Palm Oil, becoming the 114th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 564th most imported product in Hong Kong. Hong Kong imports Palm Oil primarily from: Malaysia ($10.9M), China ($7.08M), Indonesia ($1.85M), Turkey ($129k), and Vietnam ($106k).

The fastest growing import markets in Palm Oil for Hong Kong between 2021 and 2022 were Malaysia ($4.96M), China ($2.25M), and Indonesia ($1.66M).

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 Palm Oil. 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)$1.88M
IMPORTS (2022)$20.1M
NET TRADE (2022)-$18.2M

In 2022, Hong Kong exported $1.88M in Palm Oil. The main destinations of Hong Kong exports on Palm Oil were Israel ($1.68M), Serbia ($136k), Hungary ($48.4k), Macau ($6.27k), and Canada ($254).

In 2022, Hong Kong imported $20.1M in Palm Oil, mainly from Malaysia ($10.9M), China ($7.08M), Indonesia ($1.85M), Turkey ($129k), and Vietnam ($106k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Israel$1.52M (915%)
Hungary$48.4k (1%)
Canada$80 (46%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Hong Kong WERE (2021 - 2022):
Malaysia-$592k (-100%)
Benin-$337k (-100%)
Serbia-$309k (-69.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Palm Oil were:
In 2022, Hong Kong's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHungary+ $21.1k
TOP IMPORT POTENTIALMalaysia+ $4.48M

Palm Oil’s highest export potential is Hungary. With an export gap of $21.1k.   Palm Oil’s highest import potential is Malaysia with an import gap of $4.48M.

See methodology.

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