2023
Exports
$387MWorld Rnk 45 / 210
Flag Rnk 46 / 1181
2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2023
Imports
$2.59BWorld Rnk 50 / 225
Flag Rnk 30 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $387M in Cars, making it the 45th largest exporter of Cars in the world. At the same year, Cars was the 46th most exported product in Hong Kong. The main destination of Cars exports from Hong Kong are: Macau ($188M), China ($100M), United Kingdom ($12.3M), Uzbekistan ($11.9M), and United States ($9.51M).

The fastest growing export markets for Cars of Hong Kong between 2022 and 2023 were China ($22.1M), Macau ($12.8M), and Uzbekistan ($10.6M).

Imports In 2023, Hong Kong imported $2.59B in Cars, becoming the 50th largest importer of Cars in the world. At the same year, Cars was the 30th most imported product in Hong Kong. Hong Kong imports Cars primarily from: China ($825M), Germany ($545M), Japan ($462M), Slovenia ($178M), and Hungary ($102M).

The fastest growing import markets in Cars for Hong Kong between 2022 and 2023 were Japan ($220M), Germany ($154M), and China ($113M).

COMPANIES In 2024, leading companies such as John Deere (3), TE Connectivity (1), and L'Oreal (1) were at the forefront of shipping Cars from Hong Kong to the United States.

Latest Trends

Dec 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 Cars. 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 (2023)$387M
IMPORTS (2023)$2.59B
NET TRADE (2023)-$2.2B

In 2023, Hong Kong exported $387M in Cars. The main destinations of Hong Kong exports on Cars were Macau ($188M), China ($100M), United Kingdom ($12.3M), Uzbekistan ($11.9M), and United States ($9.51M).

In 2023, Hong Kong imported $2.59B in Cars, mainly from China ($825M), Germany ($545M), Japan ($462M), Slovenia ($178M), and Hungary ($102M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
China$22.1M (28.4%)
Macau$12.8M (7.3%)
Uzbekistan$10.6M (825%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Hong Kong WERE (2022 - 2023):
Vietnam-$32.9M (-88%)
Japan-$27M (-90.3%)
Thailand-$11.4M (-87.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Hong Kong's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $103M
TOP IMPORT POTENTIALChina+ $310M

Cars’s highest export potential is China. With an export gap of $103M.   Cars’s highest import potential is China with an import gap of $310M.

See methodology.

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