2022
Exports
$54.8MWorld Rnk 32 / 209
Flag Rnk 195 / 1177
2022
PRODUCT COMPLEXITY IN Padlocks
0.82Rnk 236 / 1025
2022
Imports
$86.9MWorld Rnk 39 / 223
Flag Rnk 317 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $54.8M in Padlocks, making it the 32nd largest exporter of Padlocks in the world. At the same year, Padlocks was the 195th most exported product in Hong Kong. The main destination of Padlocks exports from Hong Kong are: India ($6.65M), Japan ($6.07M), Mexico ($4.74M), Denmark ($4.13M), and United States ($2.82M).

The fastest growing export markets for Padlocks of Hong Kong between 2021 and 2022 were Japan ($2.78M), Denmark ($2.35M), and Australia ($1.55M).

Imports In 2022, Hong Kong imported $86.9M in Padlocks, becoming the 39th largest importer of Padlocks in the world. At the same year, Padlocks was the 317th most imported product in Hong Kong. Hong Kong imports Padlocks primarily from: China ($58.9M), United States ($6.65M), Chinese Taipei ($3.24M), South Korea ($2.91M), and Philippines ($2.28M).

The fastest growing import markets in Padlocks for Hong Kong between 2021 and 2022 were Australia ($361k), United Kingdom ($265k), and Malaysia ($247k).

COMPANIES In 2023, leading companies such as Danfoss (31), Robert Bosch (4), and Xerox (3) were at the forefront of shipping Padlocks from Hong Kong to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

View
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 Padlocks. 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)$54.8M
IMPORTS (2022)$86.9M
NET TRADE (2022)-$32.1M

In 2022, Hong Kong exported $54.8M in Padlocks. The main destinations of Hong Kong exports on Padlocks were India ($6.65M), Japan ($6.07M), Mexico ($4.74M), Denmark ($4.13M), and United States ($2.82M).

In 2022, Hong Kong imported $86.9M in Padlocks, mainly from China ($58.9M), United States ($6.65M), Chinese Taipei ($3.24M), South Korea ($2.91M), and Philippines ($2.28M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Padlocks EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Japan$2.78M (84.3%)
Denmark$2.35M (132%)
Australia$1.55M (255%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Padlocks BY Hong Kong WERE (2021 - 2022):
Mexico-$1.48M (-23.8%)
Macau-$1.17M (-60%)
United States-$859k (-23.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Hong Kong's main exporting competitors in Padlocks were:
China $5.34B
Germany $1.37B
Mexico $1.27B
In 2022, Hong Kong's main importing competitors in Padlocks were:

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Trade Value of Padlocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.15M
TOP IMPORT POTENTIALChina+ $25M

Padlocks’s highest export potential is United States. With an export gap of $3.15M.   Padlocks’s highest import potential is China with an import gap of $25M.

See methodology.

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