2022
Exports
$303MWorld Rnk 51 / 226
Flag Rnk 40 / 96
2022
PRODUCT COMPLEXITY IN Rubber & articles thereof
0.93Rnk 199 / 1025
2022
Imports
$689MWorld Rnk 51 / 226
Flag Rnk 39 / 96
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $303M in Rubber & articles thereof, making it the 51st largest exporter of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 40th most exported product in Hong Kong. The main destination of Rubber & articles thereof exports from Hong Kong are: China ($67.7M), United Kingdom ($27.8M), India ($14.4M), Chinese Taipei ($14.2M), and Indonesia ($14M).

The fastest growing export markets for Rubber & articles thereof of Hong Kong between 2021 and 2022 were United States ($5.18M), Sri Lanka ($4.42M), and Netherlands ($3.51M).

Imports In 2022, Hong Kong imported $689M in Rubber & articles thereof, becoming the 51st largest importer of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 39th most imported product in Hong Kong. Hong Kong imports Rubber & articles thereof primarily from: China ($176M), Japan ($87M), Malaysia ($75M), Thailand ($51.9M), and Germany ($37.8M).

The fastest growing import markets in Rubber & articles thereof for Hong Kong between 2021 and 2022 were Italy ($4.62M), Indonesia ($3.61M), and United Kingdom ($3.37M).

COMPANIES In 2023, leading companies such as Cloud Network Technology (34), Sailun Tire (26), and John Deere (19) were at the forefront of shipping Rubber & articles thereof from Hong Kong to the United States.

Latest Trends

Jul 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 Rubber & articles thereof. 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)$303M
IMPORTS (2022)$689M
NET TRADE (2022)-$386M

In 2022, Hong Kong exported $303M in Rubber & articles thereof. The main destinations of Hong Kong exports on Rubber & articles thereof were China ($67.7M), United Kingdom ($27.8M), India ($14.4M), Chinese Taipei ($14.2M), and Indonesia ($14M).

In 2022, Hong Kong imported $689M in Rubber & articles thereof, mainly from China ($176M), Japan ($87M), Malaysia ($75M), Thailand ($51.9M), and Germany ($37.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber & articles thereof EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
United States$5.18M (76%)
Sri Lanka$4.42M (269%)
Netherlands$3.51M (52%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber & articles thereof BY Hong Kong WERE (2021 - 2022):
China-$102M (-60.2%)
Hungary-$11.1M (-76%)
South Korea-$6.8M (-96.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Rubber & articles thereof were:
China $33.5B
Germany $17.1B
In 2022, Hong Kong's main importing competitors in Rubber & articles thereof were:

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Trade Value of Rubber & articles thereof by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $38.7M
TOP IMPORT POTENTIALChina+ $116M

Rubber & articles thereof’s highest export potential is China. With an export gap of $38.7M.   Rubber & articles thereof’s highest import potential is China with an import gap of $116M.

See methodology.

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