2022
Exports
$304MWorld Rnk 83 / 214
Flag Rnk 54 / 1177
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$13.4BWorld Rnk 22 / 225
Flag Rnk 9 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $304M in Refined Petroleum, making it the 83rd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 54th most exported product in Hong Kong. The main destination of Refined Petroleum exports from Hong Kong are: China ($136M), Cambodia ($33.9M), Chinese Taipei ($28.2M), Australia ($18.9M), and Singapore ($11.9M).

The fastest growing export markets for Refined Petroleum of Hong Kong between 2021 and 2022 were Cambodia ($33.8M), China ($28.1M), and Chinese Taipei ($5.06M).

Imports In 2022, Hong Kong imported $13.4B in Refined Petroleum, becoming the 22nd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 9th most imported product in Hong Kong. Hong Kong imports Refined Petroleum primarily from: China ($7.59B), Singapore ($2.01B), Malaysia ($1.35B), South Korea ($927M), and Qatar ($427M).

The fastest growing import markets in Refined Petroleum for Hong Kong between 2021 and 2022 were China ($3.56B), Malaysia ($776M), and Qatar ($247M).

COMPANIES In 2023, leading companies such as Wistron (44) and Walong Marketing (5) were at the forefront of shipping Refined Petroleum 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 Refined Petroleum. 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)$304M
IMPORTS (2022)$13.4B
NET TRADE (2022)-$13.1B

In 2022, Hong Kong exported $304M in Refined Petroleum. The main destinations of Hong Kong exports on Refined Petroleum were China ($136M), Cambodia ($33.9M), Chinese Taipei ($28.2M), Australia ($18.9M), and Singapore ($11.9M).

In 2022, Hong Kong imported $13.4B in Refined Petroleum, mainly from China ($7.59B), Singapore ($2.01B), Malaysia ($1.35B), South Korea ($927M), and Qatar ($427M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Cambodia$33.8M (26k%)
China$28.1M (26%)
Chinese Taipei$5.06M (21.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Hong Kong WERE (2021 - 2022):
Russia-$145M (-94.6%)
Angola-$22.5M (-100%)
India-$8.23M (-57.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $90.6M
TOP IMPORT POTENTIALSouth Korea+ $172M

Refined Petroleum’s highest export potential is China. With an export gap of $90.6M.   Refined Petroleum’s highest import potential is South Korea with an import gap of $172M.

See methodology.

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