2023
Exports
$58.7MWorld Rnk 26 / 196
Flag Rnk 172 / 1181
2023
PRODUCT COMPLEXITY IN Perfumes
-0.011Rnk 562 / 1025
2023
Imports
$600MWorld Rnk 13 / 222
Flag Rnk 82 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $58.7M in Perfumes, making it the 26th largest exporter of Perfumes in the world. At the same year, Perfumes was the 172nd most exported product in Hong Kong. The main destination of Perfumes exports from Hong Kong are: South Korea ($16.6M), Vietnam ($13M), Singapore ($7.53M), Japan ($7.05M), and Cambodia ($2.62M).

The fastest growing export markets for Perfumes of Hong Kong between 2022 and 2023 were South Korea ($12.7M), Vietnam ($12M), and Japan ($1.98M).

Imports In 2023, Hong Kong imported $600M in Perfumes, becoming the 13th largest importer of Perfumes in the world. At the same year, Perfumes was the 82nd most imported product in Hong Kong. Hong Kong imports Perfumes primarily from: France ($156M), Italy ($109M), Singapore ($91.5M), China ($53.2M), and United States ($42.6M).

The fastest growing import markets in Perfumes for Hong Kong between 2022 and 2023 were France ($84M), Singapore ($29M), and Germany ($17.8M).

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 Perfumes. 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)$58.7M
IMPORTS (2023)$600M
NET TRADE (2023)-$541M

In 2023, Hong Kong exported $58.7M in Perfumes. The main destinations of Hong Kong exports on Perfumes were South Korea ($16.6M), Vietnam ($13M), Singapore ($7.53M), Japan ($7.05M), and Cambodia ($2.62M).

In 2023, Hong Kong imported $600M in Perfumes, mainly from France ($156M), Italy ($109M), Singapore ($91.5M), China ($53.2M), and United States ($42.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Perfumes EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
South Korea$12.7M (327%)
Vietnam$12M (1.11k%)
Japan$1.98M (39%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Perfumes BY Hong Kong WERE (2022 - 2023):
Singapore-$1.69M (-18.4%)
United Arab Emirates-$717k (-56.5%)
Belize-$524k (-85.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Perfumes were:
France $10.4B
Spain $3.67B
Italy $2.38B
In 2023, Hong Kong's main importing competitors in Perfumes were:

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Trade Value of Perfumes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.66M
TOP IMPORT POTENTIALChina+ $6.56M

Perfumes’s highest export potential is United States. With an export gap of $1.66M.   Perfumes’s highest import potential is China with an import gap of $6.56M.

See methodology.

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