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Where does Hong Kong get its steel? Import sources 2024

In 2024, Hong Kong imported $2.2 billion of steel (3.8 million tonnes), 0.7% of the world total. Its main sources were Malaysia (48%), China (31%) and Japan (6%). Hong Kong was the world’s 38th-largest importer of steel.

Summary

Value
$2.2billion
Tonnes
3.8million tonnes
Share of world total
0.7%
World rank
38th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Malaysia1.1Tonnes: 2,006,500USD per tonne: $53547.7%Sea
China0.69Tonnes: 1,172,500USD per tonne: $59130.8%Sea
Japan0.14Tonnes: 114,849USD per tonne: $1,2306.3%Sea
Qatar0.12Tonnes: 201,796USD per tonne: $5715.1%Sea
Saudi Arabia0.06Tonnes: 100,147USD per tonne: $5612.5%Sea
Vietnam0.05Tonnes: 88,247USD per tonne: $5492.2%Sea
Taiwan0.04Tonnes: 28,066USD per tonne: $1,3541.7%Sea
United States0.01Tonnes: 1,488USD per tonne: $7,4260.49%Sea
Germany0.01Tonnes: 1,735USD per tonne: $6,3440.49%Sea
Indonesia0.01Tonnes: 20,675USD per tonne: $4550.42%Sea
South Korea0.01Tonnes: 2,028USD per tonne: $4,5170.41%Sea
Turkey0.01Tonnes: 12,796USD per tonne: $6480.37%Sea
Singapore re-exports0.01Tonnes: 3,338USD per tonne: $2,0830.31%Sea
Thailand< 0.01Tonnes: 6,314USD per tonne: $7210.2%Sea
Spain< 0.01Tonnes: 4,871USD per tonne: $8060.17%Sea
Italy< 0.01Tonnes: 1,376USD per tonne: $2,7890.17%Sea
Sweden< 0.01Tonnes: 473USD per tonne: $5,2430.13%Sea
Ireland< 0.01Tonnes: 3USD per tonne: $594,1700.09%Air
United Kingdom< 0.01Tonnes: 878USD per tonne: $1,8190.08%Sea
France< 0.01Tonnes: 982USD per tonne: $1,8500.08%Sea

Trend

Who it buys from

Malaysia has been its main source since 2022

Value in USD billions. The five largest sources in 2024.

  • Malaysia 1.1
  • China 0.69
  • Japan 0.14
  • Qatar 0.12
  • Saudi Arabia 0.06

Source: CEPII BACI

Show the numbers
Partner19952024
Malaysia0.021.1
China0.40.69
Japan1.30.14
Qatar00.12
Saudi Arabia0.070.06

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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