2022
Exports
$87.5MWorld Rnk 48 / 224
Flag Rnk 144 / 1177
2022
PRODUCT COMPLEXITY IN Valves
1.35Rnk 81 / 1025
2022
Imports
$587MWorld Rnk 37 / 224
Flag Rnk 83 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $87.5M in Valves, making it the 48th largest exporter of Valves in the world. At the same year, Valves was the 144th most exported product in Hong Kong. The main destination of Valves exports from Hong Kong are: China ($10.8M), United Kingdom ($9.1M), Malaysia ($6.43M), Germany ($6.02M), and India ($5.21M).

The fastest growing export markets for Valves of Hong Kong between 2021 and 2022 were Israel ($1.81M), Brazil ($1.79M), and Romania ($1.28M).

Imports In 2022, Hong Kong imported $587M in Valves, becoming the 37th largest importer of Valves in the world. At the same year, Valves was the 83rd most imported product in Hong Kong. Hong Kong imports Valves primarily from: China ($242M), Germany ($89.7M), United States ($73.9M), Italy ($38.3M), and Japan ($35.8M).

The fastest growing import markets in Valves for Hong Kong between 2021 and 2022 were France ($2.66M), Czechia ($2.29M), and Austria ($2.26M).

COMPANIES In 2023, leading companies such as Robert Bosch (4), Danfoss (2), and Victaulic (1) were at the forefront of shipping Valves 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 Valves. 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)$87.5M
IMPORTS (2022)$587M
NET TRADE (2022)-$499M

In 2022, Hong Kong exported $87.5M in Valves. The main destinations of Hong Kong exports on Valves were China ($10.8M), United Kingdom ($9.1M), Malaysia ($6.43M), Germany ($6.02M), and India ($5.21M).

In 2022, Hong Kong imported $587M in Valves, mainly from China ($242M), Germany ($89.7M), United States ($73.9M), Italy ($38.3M), and Japan ($35.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Israel$1.81M (84.8%)
Brazil$1.79M (69.2%)
Romania$1.28M (57.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Hong Kong WERE (2021 - 2022):
Denmark-$1.93M (-84.5%)
China-$1.63M (-13.1%)
Iran-$1.62M (-58.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.24M
TOP IMPORT POTENTIALChina+ $124M

Valves’s highest export potential is United States. With an export gap of $7.24M.   Valves’s highest import potential is China with an import gap of $124M.

See methodology.

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