2023
Exports
$1.12MWorld Rnk 82 / 150
Flag Rnk 846 / 1181
2023
PRODUCT COMPLEXITY IN Palm Oil
-2.25Rnk 1010 / 1025
2023
Imports
$11.4MWorld Rnk 117 / 206
Flag Rnk 642 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $1.12M in Palm Oil, making it the 82nd largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 846th most exported product in Hong Kong. The main destination of Palm Oil exports from Hong Kong are: Serbia ($461k), Israel ($383k), Samoa ($125k), Hungary ($76.1k), and Micronesia ($62.4k).

The fastest growing export markets for Palm Oil of Hong Kong between 2022 and 2023 were Serbia ($325k), Samoa ($125k), and Micronesia ($62.4k).

Imports In 2023, Hong Kong imported $11.4M in Palm Oil, becoming the 117th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 642nd most imported product in Hong Kong. Hong Kong imports Palm Oil primarily from: N/A.

The fastest growing import markets in Palm Oil for Hong Kong between 2022 and 2023 were Brunei ($175k), United States ($66.2k), and Thailand ($19.6k).

Latest Trends

Dec 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 (2023)$1.12M
IMPORTS (2023)$11.4M
NET TRADE (2023)-$10.3M

In 2023, Hong Kong exported $1.12M in Palm Oil. The main destinations of Hong Kong exports on Palm Oil were Serbia ($461k), Israel ($383k), Samoa ($125k), Hungary ($76.1k), and Micronesia ($62.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
Serbia$325k (239%)
Samoa$125k (1%)
Micronesia$62.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Hong Kong WERE (2022 - 2023):
Israel-$1.5M (-79.6%)
Ghana-$45.6k (-100%)
Canada-$288 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Palm Oil were:
In 2023, Hong Kong's main importing competitors in Palm Oil were:
India $8.7B
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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