2022
Exports
$24MWorld Rnk 32 / 197
Flag Rnk 313 / 1177
2022
PRODUCT COMPLEXITY IN Tea
-1.99Rnk 1002 / 1025
2022
Imports
$344MWorld Rnk 5 / 223
Flag Rnk 134 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $24M in Tea, making it the 32nd largest exporter of Tea in the world. At the same year, Tea was the 313th most exported product in Hong Kong. The main destination of Tea exports from Hong Kong are: Vietnam ($15.6M), Chinese Taipei ($1.57M), United States ($1.55M), Macau ($1.08M), and Australia ($990k).

The fastest growing export markets for Tea of Hong Kong between 2021 and 2022 were Australia ($920k), Macau ($476k), and Singapore ($275k).

Imports In 2022, Hong Kong imported $344M in Tea, becoming the 5th largest importer of Tea in the world. At the same year, Tea was the 134th most imported product in Hong Kong. Hong Kong imports Tea primarily from: China ($296M), Sri Lanka ($16.8M), Chinese Taipei ($9.18M), Japan ($7.02M), and United Kingdom ($5.9M).

The fastest growing import markets in Tea for Hong Kong between 2021 and 2022 were Chinese Taipei ($1.84M), United Kingdom ($1.77M), and Singapore ($440k).

COMPANIES In 2023, leading companies such as Walong Marketing (23) were at the forefront of shipping Tea from Hong Kong to the United States.

Latest Trends

Oct 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 Tea. 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)$24M
IMPORTS (2022)$344M
NET TRADE (2022)-$320M

In 2022, Hong Kong exported $24M in Tea. The main destinations of Hong Kong exports on Tea were Vietnam ($15.6M), Chinese Taipei ($1.57M), United States ($1.55M), Macau ($1.08M), and Australia ($990k).

In 2022, Hong Kong imported $344M in Tea, mainly from China ($296M), Sri Lanka ($16.8M), Chinese Taipei ($9.18M), Japan ($7.02M), and United Kingdom ($5.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tea EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Australia$920k (1.33k%)
Macau$476k (78.7%)
Singapore$275k (153%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tea BY Hong Kong WERE (2021 - 2022):
Vietnam-$18.7M (-54.5%)
China-$2.58M (-83.6%)
Japan-$258k (-83%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Tea were:
China $1.77B
Kenya $1.39B
In 2022, Hong Kong's main importing competitors in Tea were:

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Trade Value of Tea by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.03M
TOP IMPORT POTENTIALIndia+ $2.32M

Tea’s highest export potential is United States. With an export gap of $1.03M.   Tea’s highest import potential is India with an import gap of $2.32M.

See methodology.

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