2023
Exports
$3.33MWorld Rnk 26 / 82
Flag Rnk 679 / 1181
2023
PRODUCT COMPLEXITY IN Rare-Earth Metal Compounds
0.67Rnk 297 / 1025
2023
Imports
$2.19MWorld Rnk 33 / 146
Flag Rnk 924 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $3.33M in Rare-Earth Metal Compounds, making it the 26th largest exporter of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 679th most exported product in Hong Kong. The main destination of Rare-Earth Metal Compounds exports from Hong Kong are: Malaysia ($2.33M), China ($388k), Thailand ($143k), Portugal ($135k), and Russia ($114k).

The fastest growing export markets for Rare-Earth Metal Compounds of Hong Kong between 2022 and 2023 were Thailand ($143k), China ($138k), and Russia ($114k).

Imports In 2023, Hong Kong imported $2.19M in Rare-Earth Metal Compounds, becoming the 33rd largest importer of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 924th most imported product in Hong Kong. Hong Kong imports Rare-Earth Metal Compounds primarily from: Chinese Taipei ($1.62M), Thailand ($415k), Japan ($95.7k), China ($26.4k), and Denmark ($11.7k).

The fastest growing import markets in Rare-Earth Metal Compounds for Hong Kong between 2022 and 2023 were Thailand ($87.3k), Japan ($19.3k), and Denmark ($11.7k).

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 Rare-Earth Metal Compounds. 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)$3.33M
IMPORTS (2023)$2.19M
NET TRADE (2023)$1.14M

In 2023, Hong Kong exported $3.33M in Rare-Earth Metal Compounds. The main destinations of Hong Kong exports on Rare-Earth Metal Compounds were Malaysia ($2.33M), China ($388k), Thailand ($143k), Portugal ($135k), and Russia ($114k).

In 2023, Hong Kong imported $2.19M in Rare-Earth Metal Compounds, mainly from Chinese Taipei ($1.62M), Thailand ($415k), Japan ($95.7k), China ($26.4k), and Denmark ($11.7k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rare-Earth Metal Compounds EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
Thailand$143k (1%)
China$138k (55.4%)
Russia$114k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rare-Earth Metal Compounds BY Hong Kong WERE (2022 - 2023):
Malaysia-$6.59M (-73.9%)
Japan-$74.3k (-79.3%)
Brazil-$57.7k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Hong Kong's main exporting competitors in Rare-Earth Metal Compounds were:
Burma $1.44B
China $513M
In 2023, Hong Kong's main importing competitors in Rare-Earth Metal Compounds were:
China $1.98B
Japan $478M

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Trade Value of Rare-Earth Metal Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $456k
TOP IMPORT POTENTIALChina+ $286k

Rare-Earth Metal Compounds’s highest export potential is China. With an export gap of $456k.   Rare-Earth Metal Compounds’s highest import potential is China with an import gap of $286k.

See methodology.

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