# China, Hong Kong Special Administrative Region Chemicals Export Opportunities (HS 28-38)

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> Yugalinks sector export playbook

Explore China, Hong Kong Special Administrative Region HS 28-38 chemicals export opportunities, product portfolio, buyer markets, growth signals, and diversification opportunities.

## Overview

- Exporter: China, Hong Kong Special Administrative Region (HKG)
- Sector: Chemicals
- HS chapters: HS 28-38
- Latest trade year: 2024
- Sector exports: $828.6M
- Products: 51
- Buyer markets: 27
- Average CAGR: +4.7%
- Global sector size: $794.7B

## Product portfolio

| Product | Global size | Your exports | Opportunity | CAGR | Markets | Share |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| HS 300490 - Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale | $302.0B | $447.0M | $113.7B | -2.1% | 20 | +0.2% |
| HS 300215 - Blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale | $168.4B | $2.1M | $69.5B | +18.5% | 17 | +0.0% |
| HS 293719 - Polypeptide hormones, protein hormones and glycoprotein hormones, their derivatives and structural analogues: other than somatotropin, (its derivatives and structural anaologues) and insulin and its salts | $20.8B | $1.2M | $36.2B | +12.9% | 3 | +0.0% |
| HS 300214 - Blood, human or animal, antisera, other blood fractions and immunological products: immunological products, mixed, put up in measured doses or in forms or packings for retail sale | $22.4B | $5.1M | $25.9B | +140.7% | 2 | +0.0% |
| HS 300220 - Vaccines: for human medicine | $29.0B | $233.4K | $24.2B | -7.4% | 7 | +0.0% |
| HS 293399 - Heterocyclic compounds: n.e.c. in headings no. 2933 | $16.3B | $506.7K | $16.8B | -6.5% | 3 | +0.0% |
| HS 300212 - Blood, human or animal, antisera, other blood fractions and immunological products: antisera and other blood fractions | $26.4B | $9.8M | $15.0B | +20.6% | 5 | +0.2% |
| HS 382499 - Chemical products, mixtures and preparations: n.e.c. heading 3824 | $21.1B | $57.1M | $14.9B | +19.9% | 6 | +0.2% |
| HS 284190 - Salts of oxometallic or peroxometallic acids: n.e.c. in heading no. 2841 | $8.0B | $88.9K | $12.3B | -0.4% | 5 | +0.0% |
| HS 300439 - Medicaments: containing hormones (but not insulin), adrenal cortex hormones or antibiotics, for therapeutic or prophylactic uses, packaged for retail sale | $20.8B | $4.1M | $11.8B | -17.6% | 5 | +0.0% |
| HS 293359 - Heterocyclic compounds: containing a pyrimidine ring (whether or not hydrogenated) or piperazine ring in the structure, (other than malonylurea (barbituric acid) and its derivatives),and loprazolam, mecloqualone, methaqualone, zipeprol and salts thereof | $11.8B | $34.7K | $11.7B | -6.4% | 2 | +0.0% |
| HS 330210 - Odoriferous substances and mixtures: of a kind used in the food or drink industries | $6.8B | $2.5K | $9.6B | -23.1% | 2 | +0.0% |
| HS 293499 - Nucleic acids and their salts, other heterocyclic compounds, n.e.c. in heading number 2934 | $11.9B | $638.9K | $7.4B | +6.1% | 2 | +0.0% |
| HS 290243 - Cyclic hydrocarbons: p-xylene | $8.5B | $16.8 | $6.3B | -29.3% | 1 | +0.0% |
| HS 382200 - Reagents: diagnostic or laboratory reagents on a backing and prepared diagnostic or laboratory reagents whether or not on a backing, other than those of heading no. 3002 or 3006: certified reference material | $15.1B | $51.0M | $6.3B | +8.1% | 3 | +0.4% |
| HS 382600 - Biodiesel and mixtures thereof: not containing or containing less than 70% by weight of petroleum oils or oils obtained from bituminous minerals | $8.0B | $10.0M | $6.2B | +58.3% | 2 | +0.1% |
| HS 330499 - Cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations) | $14.9B | $208.6M | $5.5B | +9.9% | 2 | +1.2% |
| HS 290110 - Acyclic hydrocarbons: saturated | $2.9B | $12.6K | $5.1B | -9.6% | 2 | +0.0% |
| HS 381800 - Chemical elements: doped for use in electronics, in the form of discs, wafers or similar forms: chemical compounds doped for use in electronics | $6.6B | $4.0M | $4.9B | +6.5% | 3 | +0.0% |
| HS 293379 - Heterocyclic compounds: lactams: other than 6-hexanelactam (epsilon caprolactam) | $4.2B | $1.3K | $4.8B | -13.4% | 1 | +0.0% |
| HS 282200 - Cobalt oxides and hydroxides: commercial cobalt oxides | $2.4B | $116.5K | $4.6B | -6.6% | 1 | +0.0% |
| HS 330300 - Perfumes and toilet waters | $6.6B | $11.2M | $4.0B | +1.0% | 2 | +0.1% |
| HS 283691 - Carbonates: lithium carbonate | $2.5B | $9.4 | $3.8B | -21.2% | 1 | +0.0% |
| HS 290919 - Ethers: acyclic, and their halogenated, sulphonated, nitrated or nitrosated derivatives, other than diethyl ether | $3.5B | $1.6K | $3.6B | -7.1% | 2 | +0.0% |
| HS 290220 - Cyclic hydrocarbons: benzene | $4.1B | $539.6 | $3.5B | -22.2% | 1 | +0.0% |
| HS 293590 - Sulphonamides: n.e.c. in heading no. 2935 | $3.1B | $197.4K | $2.9B | -1.6% | 2 | +0.0% |
| HS 282520 - Lithium oxide and hydroxide | $1.6B | $4.1K | $2.7B | +0.2% | 1 | +0.0% |
| HS 290121 - Acyclic hydrocarbons: unsaturated, ethylene | $1.8B | $200.3 | $2.4B | -17.2% | 1 | +0.0% |
| HS 282590 - Inorganic bases, metal oxides, hydroxides and peroxides: n.e.s. in heading no. 2825 | $1.5B | $2.3K | $2.4B | +0.0% | 1 | +0.0% |
| HS 285390 - Phosphides, chemically defined or not, not ferrophosphorus: other inorganic compounds n.e.c. (including distilled, conductivity water and water of like purity): liquid air, rare gases removed or not: compressed air: amalgams, not precious metal amalgams | $1.3B | $34.2 | $2.4B | -7.3% | 1 | +0.0% |
| HS 290531 - Alcohols: acyclic, diols: ethylene glycol (ethanediol) | $3.2B | $246.7 | $2.2B | -30.2% | 1 | +0.0% |
| HS 381512 - Catalysts, supported: reaction initiators, reaction accelerators and catalytic preparations, with precious metal or precious metal compounds as the active substance, n.e.c. or included | $3.1B | $1.4K | $2.1B | -15.1% | 1 | +0.0% |
| HS 300420 - Medicaments: containing antibiotics (other than penicillins, streptomycins or their derivatives), for therapeutic or prophylactic uses, packaged for retail sale | $3.8B | $3.7K | $2.0B | -12.4% | 1 | +0.0% |
| HS 293299 - Heterocyclic compounds: with oxygen hetero-atom(s) only, no lactones or unfused furan rings (hydrogenated or not) in the structure, other than isosafrole, 1-(1,3-benzodiaxol-5-yl) propan-2-one, piperonal, safrole, tetrahydrocannabinols (all isomers) | $2.4B | $82.5K | $2.0B | -1.5% | 1 | +0.0% |
| HS 382319 - Industrial monocarboxylic fatty acids: acid oils from refining: (other than stearic acid, oleic acid or tall oil fatty acids) | $1.3B | $2.5M | $1.9B | +4.8% | 1 | +0.2% |
| HS 290122 - Acyclic hydrocarbons: unsaturated, propene (propylene) | $1.6B | $407.6 | $1.8B | -13.7% | 1 | +0.0% |
| HS 281820 - Aluminium oxide: other than artificial corundum | $2.2B | $2.8K | $1.8B | +36.7% | 1 | +0.0% |
| HS 310540 - Fertilizers, mineral or chemical: ammonium dihydrogenorthophosphate (monoammonium phosphate) and mixtures thereof with diammonium hydrogenorthophosphate (diammonium phosphate) | $2.7B | $587.1K | $1.8B | +21.4% | 1 | +0.0% |
| HS 370790 - Photographic goods: chemical preparations other than sensitised emulsions, put up in measured portions or put up for retail sale in a form ready for use | $2.2B | $10.5M | $1.7B | +0.7% | 1 | +0.5% |
| HS 380893 - Herbicides, anti-sprouting products and plant-growth regulators: not containing substances of 3808.50: put up in forms or packings for retail sale or as preparations or articles | $2.0B | $1.1M | $1.7B | +28.8% | 1 | +0.1% |
| HS 284390 - Inorganic or organic compounds: of precious metals (excluding gold and silver), whether or not chemically defined, amalgams of precious metals | $892.9M | $3.1K | $1.7B | +5.0% | 1 | +0.0% |
| HS 284690 - Compounds, inorganic or organic (excluding cerium), of rare-earth metals, of yttrium, scandium or of mixtures of these metals | $1.4B | $14.6K | $1.5B | -11.0% | 1 | +0.0% |
| HS 300670 - Pharmaceutical goods: Gel preparations designed to be used in human or veterinary medicine as a lubricant for parts of the body for surgical operations or physical examinations or as a coupling agent between the body and medical instruments | $1.2B | $674.8 | $1.4B | -17.4% | 1 | +0.0% |
| HS 284410 - Uranium: natural uranium and its compounds, alloys, dispersions (including cermets), ceramic products and mixtures containing natural uranium or natural uranium compounds | $1.6B | $7.3K | $1.4B | +31.7% | 1 | +0.0% |
| HS 310420 - Fertilizers, mineral or chemical: potassic, potassium chloride | $3.3B | $126.3 | $1.4B | -12.2% | 1 | +0.0% |
| HS 340220 - Washing and cleaning preparations: surface-active, whether or not containing soap (excluding those of heading no. 3401), put up for retail sale | $1.2B | $12.3K | $1.4B | +4.9% | 1 | +0.0% |
| HS 293722 - Steroidal hormones, their derivatives and structural analogues: halogenated derivatives of corticosteroidal hormones | $1.5B | $319.7 | $1.3B | -4.0% | 1 | +0.0% |
| HS 382370 - Industrial fatty alcohols | $1.0B | $535.0 | $1.3B | -19.1% | 1 | +0.0% |
| HS 310221 - Fertilizers, mineral or chemical: nitrogenous, ammonium sulphate | $965.4M | $6.2K | $1.3B | -28.2% | 1 | +0.0% |
| HS 284330 - Gold compounds | $877.8M | $805.4K | $1.2B | +23.5% | 1 | +0.1% |
| HS 300390 - Medicaments: (not containing antibiotics, hormones, alkaloids or their derivatives), for therapeutic or prophylactic uses, (not packaged for retail sale) | $1.8B | $0.0 | $1.2B | -33.3% | 1 | +0.0% |

## Best markets

- USA, Puerto Rico and US Virgin Islands (USA): $153.9B calculated opportunity across 22 products.
- China (CHN): $66.1B calculated opportunity across 23 products.
- Germany (DEU): $39.5B calculated opportunity across 12 products.
- Switzerland, Liechtenstein (CHE): $36.6B calculated opportunity across 4 products.
- Slovenia (SVN): $23.3B calculated opportunity across 3 products.
- Belgium (BEL): $22.8B calculated opportunity across 4 products.
- Netherlands (NLD): $14.7B calculated opportunity across 4 products.
- Italy (ITA): $12.1B calculated opportunity across 3 products.
- United Kingdom (GBR): $11.1B calculated opportunity across 5 products.
- Japan (JPN): $10.9B calculated opportunity across 4 products.
- Republic of Korea (KOR): $10.9B calculated opportunity across 5 products.
- Canada (CAN): $9.8B calculated opportunity across 5 products.

## Growth stars

- HS 300214: +140.7% average CAGR, $25.9B calculated opportunity.
- HS 382600: +58.3% average CAGR, $6.2B calculated opportunity.
- HS 281820: +36.7% average CAGR, $1.8B calculated opportunity.
- HS 284410: +31.7% average CAGR, $1.4B calculated opportunity.
- HS 380893: +28.8% average CAGR, $1.7B calculated opportunity.
- HS 284330: +23.5% average CAGR, $1.2B calculated opportunity.
- HS 310540: +21.4% average CAGR, $1.8B calculated opportunity.
- HS 300212: +20.6% average CAGR, $15.0B calculated opportunity.
- HS 382499: +19.9% average CAGR, $14.9B calculated opportunity.
- HS 300215: +18.5% average CAGR, $69.5B calculated opportunity.

## Diversification opportunities

- HS 300490: 20 buyer markets, $113.7B calculated opportunity.
- HS 300215: 17 buyer markets, $69.5B calculated opportunity.
- HS 300220: 7 buyer markets, $24.2B calculated opportunity.
- HS 382499: 6 buyer markets, $14.9B calculated opportunity.
- HS 300212: 5 buyer markets, $15.0B calculated opportunity.
- HS 284190: 5 buyer markets, $12.3B calculated opportunity.
- HS 300439: 5 buyer markets, $11.8B calculated opportunity.
- HS 293719: 3 buyer markets, $36.2B calculated opportunity.
- HS 293399: 3 buyer markets, $16.8B calculated opportunity.
- HS 382200: 3 buyer markets, $6.3B calculated opportunity.

## Method

Reported trade observations and calculated indicators are shown separately. Validate buyers, standards, logistics, pricing, and competition before acting. [Read the Yugalinks methodology](https://www.yugalinks.com/methodology).

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-30). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.