2023
Exports
$7.94MWorld Rnk 99 / 163
Flag Rnk 493 / 1181
2023
PRODUCT COMPLEXITY IN Petroleum Gas
-2.01Rnk 998 / 1025
2023
Imports
$2.5BWorld Rnk 31 / 220
Flag Rnk 31 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $7.94M in Petroleum Gas, making it the 99th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 493rd most exported product in Hong Kong. The main destination of Petroleum Gas exports from Hong Kong are: Ghana ($6.27M), Vietnam ($269k), South Korea ($263k), United States ($198k), and Singapore ($157k).

The fastest growing export markets for Petroleum Gas of Hong Kong between 2022 and 2023 were Ghana ($6.27M), United States ($198k), and Vietnam ($181k).

Imports In 2023, Hong Kong imported $2.5B in Petroleum Gas, becoming the 31st largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 31st most imported product in Hong Kong. Hong Kong imports Petroleum Gas primarily from: China ($2.27B), Qatar ($121M), Malaysia ($47.6M), Equatorial Guinea ($28.7M), and Nigeria ($28.4M).

The fastest growing import markets in Petroleum Gas for Hong Kong between 2022 and 2023 were Qatar ($121M), Malaysia ($47.6M), and Equatorial Guinea ($28.7M).

COMPANIES In 2024, leading companies such as David's Bridal (1) were at the forefront of shipping Petroleum Gas from Hong Kong to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Petroleum Gas. 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)$7.94M
IMPORTS (2023)$2.5B
NET TRADE (2023)-$2.5B

In 2023, Hong Kong exported $7.94M in Petroleum Gas. The main destinations of Hong Kong exports on Petroleum Gas were Ghana ($6.27M), Vietnam ($269k), South Korea ($263k), United States ($198k), and Singapore ($157k).

In 2023, Hong Kong imported $2.5B in Petroleum Gas, mainly from China ($2.27B), Qatar ($121M), Malaysia ($47.6M), Equatorial Guinea ($28.7M), and Nigeria ($28.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
Ghana$6.27M (1%)
United States$198k (1%)
Vietnam$181k (208%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Hong Kong WERE (2022 - 2023):
Malaysia-$139k (-90.2%)
United Kingdom-$131k (-52.7%)
China-$52.5k (-32.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Petroleum Gas were:
In 2023, Hong Kong's main importing competitors in Petroleum Gas were:
China $83.7B
Japan $52.5B
France $45.4B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $833k
TOP IMPORT POTENTIALSouth Korea+ $3.33M

Petroleum Gas’s highest export potential is China. With an export gap of $833k.   Petroleum Gas’s highest import potential is South Korea with an import gap of $3.33M.

See methodology.

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