2022
Exports
$29.9MWorld Rnk 15 / 141
Flag Rnk 276 / 1177
2022
PRODUCT COMPLEXITY IN Pile Fabric
0.18Rnk 494 / 1025
2022
Imports
$54.5MWorld Rnk 26 / 195
Flag Rnk 392 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $29.9M in Pile Fabric, making it the 15th largest exporter of Pile Fabric in the world. At the same year, Pile Fabric was the 276th most exported product in Hong Kong. The main destination of Pile Fabric exports from Hong Kong are: Indonesia ($15.6M), Vietnam ($2.89M), Thailand ($1.93M), Singapore ($1.26M), and China ($1.22M).

The fastest growing export markets for Pile Fabric of Hong Kong between 2021 and 2022 were Vietnam ($820k), Singapore ($587k), and Ethiopia ($515k).

Imports In 2022, Hong Kong imported $54.5M in Pile Fabric, becoming the 26th largest importer of Pile Fabric in the world. At the same year, Pile Fabric was the 392nd most imported product in Hong Kong. Hong Kong imports Pile Fabric primarily from: China ($43M), Chinese Taipei ($5.18M), Italy ($2.69M), South Korea ($1.75M), and United States ($419k).

The fastest growing import markets in Pile Fabric for Hong Kong between 2021 and 2022 were Italy ($816k), Thailand ($70.3k), and United Kingdom ($20.5k).

COMPANIES In 2023, leading companies such as Cloud Network Technology (1) were at the forefront of shipping Pile Fabric from Hong Kong to the United States.

Latest Trends

Sep 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 Pile Fabric. 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)$29.9M
IMPORTS (2022)$54.5M
NET TRADE (2022)-$24.6M

In 2022, Hong Kong exported $29.9M in Pile Fabric. The main destinations of Hong Kong exports on Pile Fabric were Indonesia ($15.6M), Vietnam ($2.89M), Thailand ($1.93M), Singapore ($1.26M), and China ($1.22M).

In 2022, Hong Kong imported $54.5M in Pile Fabric, mainly from China ($43M), Chinese Taipei ($5.18M), Italy ($2.69M), South Korea ($1.75M), and United States ($419k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pile Fabric EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Vietnam$820k (39.7%)
Singapore$587k (87.6%)
Ethiopia$515k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pile Fabric BY Hong Kong WERE (2021 - 2022):
Indonesia-$9.18M (-37.1%)
China-$5.86M (-82.7%)
Bangladesh-$5.86M (-88.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Pile Fabric were:
In 2022, Hong Kong's main importing competitors in Pile Fabric were:

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Trade Value of Pile Fabric by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.14M
TOP IMPORT POTENTIALChina+ $14.1M

Pile Fabric’s highest export potential is China. With an export gap of $1.14M.   Pile Fabric’s highest import potential is China with an import gap of $14.1M.

See methodology.

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