2023
Exports
$382MWorld Rnk 78 / 214
Flag Rnk 47 / 1181
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$10.5BWorld Rnk 26 / 226
Flag Rnk 10 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $382M in Refined Petroleum, making it the 78th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 47th most exported product in Hong Kong. The main destination of Refined Petroleum exports from Hong Kong are: China ($136M), South Korea ($61.6M), Chinese Taipei ($40.1M), Singapore ($39.2M), and Ghana ($23.3M).

The fastest growing export markets for Refined Petroleum of Hong Kong between 2022 and 2023 were South Korea ($58.3M), Singapore ($27.2M), and Ghana ($23M).

Imports In 2023, Hong Kong imported $10.5B in Refined Petroleum, becoming the 26th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 10th most imported product in Hong Kong. Hong Kong imports Refined Petroleum primarily from: China ($4.89B), Singapore ($1.9B), South Korea ($1.05B), Malaysia ($954M), and Qatar ($545M).

The fastest growing import markets in Refined Petroleum for Hong Kong between 2022 and 2023 were China ($1.13B), Thailand ($179M), and Chinese Taipei ($114M).

COMPANIES In 2024, leading companies such as Wistron (81) and Walong Marketing (1) were at the forefront of shipping Refined Petroleum 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 Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$382M
IMPORTS (2023)$10.5B
NET TRADE (2023)-$10.1B

In 2023, Hong Kong exported $382M in Refined Petroleum. The main destinations of Hong Kong exports on Refined Petroleum were China ($136M), South Korea ($61.6M), Chinese Taipei ($40.1M), Singapore ($39.2M), and Ghana ($23.3M).

In 2023, Hong Kong imported $10.5B in Refined Petroleum, mainly from China ($4.89B), Singapore ($1.9B), South Korea ($1.05B), Malaysia ($954M), and Qatar ($545M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
South Korea$58.3M (1.76k%)
Singapore$27.2M (228%)
Ghana$23M (8.79k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Hong Kong WERE (2022 - 2023):
Cambodia-$34.1M (-100%)
Australia-$6.89M (-36.5%)
South Africa-$4.22M (-59.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Hong Kong's main exporting competitors in Refined Petroleum were:
In 2023, Hong Kong's main importing competitors in Refined Petroleum were:

Explore Visualizations

Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $90.6M
TOP IMPORT POTENTIALSouth Korea+ $172M

Refined Petroleum’s highest export potential is China. With an export gap of $90.6M.   Refined Petroleum’s highest import potential is South Korea with an import gap of $172M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with