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2022
Exports $2.4MWorld Rnk 75 / 194
Flag Rnk 762 / 1177
2022
Destination $289k United Kingdom
2021 - 2022
FASTEST GROWING MARKET $289kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Spices-1.63Rnk 964 / 1025
2022
Imports $15.5MWorld Rnk 40 / 223
Flag Rnk 627 / 1207
2022
Origin $3.57MN/A
2021 - 2022
FASTEST GROWING ORIGIN $3.57MChina
2022
ECONOMIC COMPLEXITY of Hong Kong1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $2.4M in Spices, making it the 75th largest exporter of Spices in the world. At the same year, Spices was the 762nd most exported product in Hong Kong. The main destination of Spices exports from Hong Kong are: United Kingdom ($545k), China ($312k), United States ($233k), Netherlands ($192k), and Macau ($169k).

The fastest growing export markets for Spices of Hong Kong between 2021 and 2022 were United Kingdom ($289k), Malaysia ($109k), and Nigeria ($97.9k).

Imports In 2022, Hong Kong imported $15.5M in Spices, becoming the 40th largest importer of Spices in the world. At the same year, Spices was the 627th most imported product in Hong Kong. Hong Kong imports Spices primarily from: N/A.

The fastest growing import markets in Spices for Hong Kong between 2021 and 2022 were China ($3.57M), India ($509k), and United Arab Emirates ($295k).

COMPANIES In 2023, leading companies such as CONTINENTAL AUTOMOTIVE SYSTEMS, INC (2), Key Tronic (1), and Gap (1) were at the forefront of shipping Spices 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 Spices. 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)$2.4M
IMPORTS (2022)$15.5M
NET TRADE (2022)-$13.1M

In 2022, Hong Kong exported $2.4M in Spices. The main destinations of Hong Kong exports on Spices were United Kingdom ($545k), China ($312k), United States ($233k), Netherlands ($192k), and Macau ($169k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
United Kingdom$289k (113%)
Malaysia$109k (1%)
Nigeria$97.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Hong Kong WERE (2021 - 2022):
China-$3.15M (-91%)
Macau-$282k (-62.6%)
Germany-$58.9k (-87.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Spices were:
India $538M
China $518M
Netherlands $203M
In 2022, Hong Kong's main importing competitors in Spices were:
United States $364M
Germany $211M
Netherlands $167M

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $348k
TOP IMPORT POTENTIALChina+ $2.33M

Spices’s highest export potential is China. With an export gap of $348k.   Spices’s highest import potential is China with an import gap of $2.33M.

See methodology.

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