2022
Exports
$251kWorld Rnk 75 / 139
Flag Rnk 1016 / 1177
2022
PRODUCT COMPLEXITY IN Soybeans
-1.62Rnk 963 / 1025
2022
Imports
$18.9MWorld Rnk 62 / 200
Flag Rnk 581 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $251k in Soybeans, making it the 75th largest exporter of Soybeans in the world. At the same year, Soybeans was the 1016th most exported product in Hong Kong. The main destination of Soybeans exports from Hong Kong are: Nigeria ($93.1k), China ($69.4k), Macau ($44.9k), Northern Mariana Islands ($21.4k), and Norway ($20.8k).

The fastest growing export markets for Soybeans of Hong Kong between 2021 and 2022 were Nigeria ($82.6k), Norway ($20.8k), and Northern Mariana Islands ($13.6k).

Imports In 2022, Hong Kong imported $18.9M in Soybeans, becoming the 62nd largest importer of Soybeans in the world. At the same year, Soybeans was the 581st most imported product in Hong Kong. Hong Kong imports Soybeans primarily from: Canada ($14M), China ($2.73M), Ukraine ($892k), United States ($335k), and Russia ($273k).

The fastest growing import markets in Soybeans for Hong Kong between 2021 and 2022 were Canada ($1.67M), Ukraine ($892k), and Tanzania ($132k).

Latest Trends

Jul 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 Soybeans. 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)$251k
IMPORTS (2022)$18.9M
NET TRADE (2022)-$18.6M

In 2022, Hong Kong exported $251k in Soybeans. The main destinations of Hong Kong exports on Soybeans were Nigeria ($93.1k), China ($69.4k), Macau ($44.9k), Northern Mariana Islands ($21.4k), and Norway ($20.8k).

In 2022, Hong Kong imported $18.9M in Soybeans, mainly from Canada ($14M), China ($2.73M), Ukraine ($892k), United States ($335k), and Russia ($273k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Nigeria$82.6k (786%)
Norway$20.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Hong Kong WERE (2021 - 2022):
Macau-$459k (-91.1%)
China-$21.9k (-24%)
United Kingdom-$10.7k (-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 Soybeans were:
In 2022, Hong Kong's main importing competitors in Soybeans were:
China $54.1B
Mexico $4.08B
Japan $2.47B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $333k
TOP IMPORT POTENTIALChina+ $1.21M

Soybeans’s highest export potential is China. With an export gap of $333k.   Soybeans’s highest import potential is China with an import gap of $1.21M.

See methodology.

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