2022
Exports
$488MWorld Rnk 22 / 212
Flag Rnk 36 / 1177
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$141MWorld Rnk 40 / 187
Flag Rnk 243 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $488M in Scrap Iron, making it the 22nd largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 36th most exported product in Hong Kong. The main destination of Scrap Iron exports from Hong Kong are: Vietnam ($187M), Indonesia ($169M), Chinese Taipei ($40.9M), India ($31.5M), and Malaysia ($23.3M).

The fastest growing export markets for Scrap Iron of Hong Kong between 2021 and 2022 were Indonesia ($10.3M), India ($4.75M), and South Korea ($1.99M).

Imports In 2022, Hong Kong imported $141M in Scrap Iron, becoming the 40th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 243rd most imported product in Hong Kong. Hong Kong imports Scrap Iron primarily from: United Kingdom ($29.9M), Singapore ($26.6M), Trinidad and Tobago ($18.2M), United States ($16.8M), and Japan ($12.8M).

The fastest growing import markets in Scrap Iron for Hong Kong between 2021 and 2022 were United Kingdom ($24.1M), Singapore ($8.72M), and Japan ($5.95M).

Latest Trends

Oct 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 Scrap Iron. 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)$488M
IMPORTS (2022)$141M
NET TRADE (2022)$347M

In 2022, Hong Kong exported $488M in Scrap Iron. The main destinations of Hong Kong exports on Scrap Iron were Vietnam ($187M), Indonesia ($169M), Chinese Taipei ($40.9M), India ($31.5M), and Malaysia ($23.3M).

In 2022, Hong Kong imported $141M in Scrap Iron, mainly from United Kingdom ($29.9M), Singapore ($26.6M), Trinidad and Tobago ($18.2M), United States ($16.8M), and Japan ($12.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Indonesia$10.3M (6.46%)
India$4.75M (17.7%)
South Korea$1.99M (42.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Hong Kong WERE (2021 - 2022):
Vietnam-$45.4M (-19.5%)
Malaysia-$37.6M (-61.7%)
Chinese Taipei-$9.34M (-18.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Scrap Iron were:
In 2022, Hong Kong's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $26.7M
TOP IMPORT POTENTIALUnited States+ $5.2M

Scrap Iron’s highest export potential is India. With an export gap of $26.7M.   Scrap Iron’s highest import potential is United States with an import gap of $5.2M.

See methodology.

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