2022
Exports
$2.96BWorld Rnk 44 / 226
Flag Rnk 7 / 21
2022
PRODUCT COMPLEXITY IN Plastics and Rubbers
1.72Rnk 19 / 1025
2022
Imports
$7.88BWorld Rnk 34 / 226
Flag Rnk 11 / 21
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $2.96B in Plastics and Rubbers, making it the 44th largest exporter of Plastics and Rubbers in the world. At the same year, Plastics and Rubbers was the 7th most exported product in Hong Kong. The main destination of Plastics and Rubbers exports from Hong Kong are: China ($938M), India ($330M), United States ($283M), Indonesia ($112M), and Philippines ($80.9M).

The fastest growing export markets for Plastics and Rubbers of Hong Kong between 2021 and 2022 were United States ($205M), Saudi Arabia ($47.9M), and Russia ($18.5M).

Imports In 2022, Hong Kong imported $7.88B in Plastics and Rubbers, becoming the 34th largest importer of Plastics and Rubbers in the world. At the same year, Plastics and Rubbers was the 11th most imported product in Hong Kong. Hong Kong imports Plastics and Rubbers primarily from: China ($3.67B), Japan ($796M), United States ($781M), Chinese Taipei ($684M), and South Korea ($428M).

The fastest growing import markets in Plastics and Rubbers for Hong Kong between 2021 and 2022 were China ($236M), Sweden ($16.6M), and Luxembourg ($15M).

COMPANIES In 2023, leading companies such as Panasonic (56), Cloud Network Technology (44), and Sailun Tire (26) were at the forefront of shipping Plastics and Rubbers from Hong Kong to the United States.

Latest Trends

Nov 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 Plastics and Rubbers. 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)$2.96B
IMPORTS (2022)$7.88B
NET TRADE (2022)-$4.92B

In 2022, Hong Kong exported $2.96B in Plastics and Rubbers. The main destinations of Hong Kong exports on Plastics and Rubbers were China ($938M), India ($330M), United States ($283M), Indonesia ($112M), and Philippines ($80.9M).

In 2022, Hong Kong imported $7.88B in Plastics and Rubbers, mainly from China ($3.67B), Japan ($796M), United States ($781M), Chinese Taipei ($684M), and South Korea ($428M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastics and Rubbers EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
United States$205M (264%)
Saudi Arabia$47.9M (422%)
Russia$18.5M (153%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastics and Rubbers BY Hong Kong WERE (2021 - 2022):
China-$323M (-25.6%)
United Kingdom-$25M (-29%)
Japan-$15.7M (-37.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Plastics and Rubbers were:
In 2022, Hong Kong's main importing competitors in Plastics and Rubbers were:

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Trade Value of Plastics and Rubbers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $306M
TOP IMPORT POTENTIALChina+ $881M

Plastics and Rubbers’s highest export potential is China. With an export gap of $306M.   Plastics and Rubbers’s highest import potential is China with an import gap of $881M.

See methodology.

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