2022
Exports
$8.87MWorld Rnk 53 / 156
Flag Rnk 504 / 1177
2022
PRODUCT COMPLEXITY IN Iron Wire
-0.35Rnk 661 / 1025
2022
Imports
$6.15MWorld Rnk 124 / 216
Flag Rnk 799 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $8.87M in Iron Wire, making it the 53rd largest exporter of Iron Wire in the world. At the same year, Iron Wire was the 504th most exported product in Hong Kong. The main destination of Iron Wire exports from Hong Kong are: China ($2.59M), North Macedonia ($1.09M), Brazil ($999k), Morocco ($723k), and Mozambique ($455k).

The fastest growing export markets for Iron Wire of Hong Kong between 2021 and 2022 were Morocco ($723k), Brazil ($466k), and Malaysia ($250k).

Imports In 2022, Hong Kong imported $6.15M in Iron Wire, becoming the 124th largest importer of Iron Wire in the world. At the same year, Iron Wire was the 799th most imported product in Hong Kong. Hong Kong imports Iron Wire primarily from: China ($3.77M), Chinese Taipei ($652k), Japan ($651k), South Korea ($412k), and United States ($226k).

The fastest growing import markets in Iron Wire for Hong Kong between 2021 and 2022 were Singapore ($23k), Malaysia ($16.3k), and Sweden ($7.8k).

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 Iron Wire. 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)$8.87M
IMPORTS (2022)$6.15M
NET TRADE (2022)$2.72M

In 2022, Hong Kong exported $8.87M in Iron Wire. The main destinations of Hong Kong exports on Iron Wire were China ($2.59M), North Macedonia ($1.09M), Brazil ($999k), Morocco ($723k), and Mozambique ($455k).

In 2022, Hong Kong imported $6.15M in Iron Wire, mainly from China ($3.77M), Chinese Taipei ($652k), Japan ($651k), South Korea ($412k), and United States ($226k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Wire EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Morocco$723k (1%)
Brazil$466k (87.5%)
Malaysia$250k (201%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Wire BY Hong Kong WERE (2021 - 2022):
Thailand-$12.2M (-97.7%)
China-$2.42M (-48.3%)
North Macedonia-$854k (-43.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.02M
TOP IMPORT POTENTIALChina+ $3.71M

Iron Wire’s highest export potential is China. With an export gap of $1.02M.   Iron Wire’s highest import potential is China with an import gap of $3.71M.

See methodology.

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