2022
Exports
$16.3MWorld Rnk 31 / 123
Flag Rnk 396 / 1177
2022
PRODUCT COMPLEXITY IN Petroleum Resins
1.53Rnk 46 / 1025
2022
Imports
$63.8MWorld Rnk 27 / 197
Flag Rnk 370 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $16.3M in Petroleum Resins, making it the 31st largest exporter of Petroleum Resins in the world. At the same year, Petroleum Resins was the 396th most exported product in Hong Kong. The main destination of Petroleum Resins exports from Hong Kong are: China ($8.74M), Chinese Taipei ($1.9M), Thailand ($1.11M), India ($748k), and Vietnam ($565k).

The fastest growing export markets for Petroleum Resins of Hong Kong between 2021 and 2022 were Philippines ($233k), Russia ($179k), and Sri Lanka ($155k).

Imports In 2022, Hong Kong imported $63.8M in Petroleum Resins, becoming the 27th largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 370th most imported product in Hong Kong. Hong Kong imports Petroleum Resins primarily from: Japan ($14.6M), China ($13.2M), United States ($12.7M), South Korea ($5.78M), and Germany ($4.88M).

The fastest growing import markets in Petroleum Resins for Hong Kong between 2021 and 2022 were Singapore ($1.07M), Thailand ($673k), and United Kingdom ($223k).

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 Petroleum Resins. 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)$16.3M
IMPORTS (2022)$63.8M
NET TRADE (2022)-$47.5M

In 2022, Hong Kong exported $16.3M in Petroleum Resins. The main destinations of Hong Kong exports on Petroleum Resins were China ($8.74M), Chinese Taipei ($1.9M), Thailand ($1.11M), India ($748k), and Vietnam ($565k).

In 2022, Hong Kong imported $63.8M in Petroleum Resins, mainly from Japan ($14.6M), China ($13.2M), United States ($12.7M), South Korea ($5.78M), and Germany ($4.88M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Resins EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Philippines$233k (282%)
Russia$179k (5.72k%)
Sri Lanka$155k (416%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Resins BY Hong Kong WERE (2021 - 2022):
China-$986k (-10.1%)
Japan-$770k (-74.6%)
Singapore-$498k (-92.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Petroleum Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4M
TOP IMPORT POTENTIALChina+ $8.82M

Petroleum Resins’s highest export potential is China. With an export gap of $4M.   Petroleum Resins’s highest import potential is China with an import gap of $8.82M.

See methodology.

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