2022
Exports
$2.86MWorld Rnk 69 / 152
Flag Rnk 735 / 1177
2022
PRODUCT COMPLEXITY IN Fermented Milk Products
-0.22Rnk 622 / 1025
2022
Imports
$34.9MWorld Rnk 32 / 219
Flag Rnk 467 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $2.86M in Fermented Milk Products, making it the 69th largest exporter of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 735th most exported product in Hong Kong. The main destination of Fermented Milk Products exports from Hong Kong are: Macau ($1.75M), China ($1.11M), Chinese Taipei ($4.76k), Ireland ($775), and Rwanda ($284).

The fastest growing export markets for Fermented Milk Products of Hong Kong between 2021 and 2022 were Chinese Taipei ($4.76k), Ireland ($775), and Singapore ($135).

Imports In 2022, Hong Kong imported $34.9M in Fermented Milk Products, becoming the 32nd largest importer of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 467th most imported product in Hong Kong. Hong Kong imports Fermented Milk Products primarily from: China ($8.58M), Switzerland ($5.98M), Australia ($4.19M), United Kingdom ($3.81M), and Thailand ($2.17M).

The fastest growing import markets in Fermented Milk Products for Hong Kong between 2021 and 2022 were China ($1.69M), France ($386k), and Thailand ($298k).

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 Fermented Milk Products. 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)$2.86M
IMPORTS (2022)$34.9M
NET TRADE (2022)-$32.1M

In 2022, Hong Kong exported $2.86M in Fermented Milk Products. The main destinations of Hong Kong exports on Fermented Milk Products were Macau ($1.75M), China ($1.11M), Chinese Taipei ($4.76k), Ireland ($775), and Rwanda ($284).

In 2022, Hong Kong imported $34.9M in Fermented Milk Products, mainly from China ($8.58M), Switzerland ($5.98M), Australia ($4.19M), United Kingdom ($3.81M), and Thailand ($2.17M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fermented Milk Products EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Chinese Taipei$4.76k (1%)
Ireland$775 (1%)
Singapore$135 (205%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fermented Milk Products BY Hong Kong WERE (2021 - 2022):
China-$256k (-18.8%)
Macau-$240k (-12%)
Philippines-$45.5k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Fermented Milk Products were:
In 2022, Hong Kong's main importing competitors in Fermented Milk Products were:

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Trade Value of Fermented Milk Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $249k
TOP IMPORT POTENTIALGermany+ $883k

Fermented Milk Products’s highest export potential is China. With an export gap of $249k.   Fermented Milk Products’s highest import potential is Germany with an import gap of $883k.

See methodology.

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