2022
Exports
$31.7MWorld Rnk 37 / 209
Flag Rnk 270 / 1177
2022
PRODUCT COMPLEXITY IN Electrical Ignitions
0.62Rnk 310 / 1025
2022
Imports
$64.2MWorld Rnk 42 / 223
Flag Rnk 368 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $31.7M in Electrical Ignitions, making it the 37th largest exporter of Electrical Ignitions in the world. At the same year, Electrical Ignitions was the 270th most exported product in Hong Kong. The main destination of Electrical Ignitions exports from Hong Kong are: Mexico ($15.2M), China ($2.91M), Brazil ($2.61M), United States ($2.41M), and Japan ($1.04M).

The fastest growing export markets for Electrical Ignitions of Hong Kong between 2021 and 2022 were Mexico ($10.7M), United States ($1.58M), and Brazil ($647k).

Imports In 2022, Hong Kong imported $64.2M in Electrical Ignitions, becoming the 42nd largest importer of Electrical Ignitions in the world. At the same year, Electrical Ignitions was the 368th most imported product in Hong Kong. Hong Kong imports Electrical Ignitions primarily from: China ($31.4M), United States ($5.98M), Thailand ($4.88M), United Kingdom ($4.16M), and Germany ($3.79M).

The fastest growing import markets in Electrical Ignitions for Hong Kong between 2021 and 2022 were United Kingdom ($1.41M), Australia ($765k), and Thailand ($701k).

COMPANIES In 2023, leading companies such as Panasonic (54), Danfoss (44), and TE Connectivity (7) were at the forefront of shipping Electrical Ignitions from Hong Kong to the United States.

Latest Trends

Oct 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 Electrical Ignitions. 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)$31.7M
IMPORTS (2022)$64.2M
NET TRADE (2022)-$32.5M

In 2022, Hong Kong exported $31.7M in Electrical Ignitions. The main destinations of Hong Kong exports on Electrical Ignitions were Mexico ($15.2M), China ($2.91M), Brazil ($2.61M), United States ($2.41M), and Japan ($1.04M).

In 2022, Hong Kong imported $64.2M in Electrical Ignitions, mainly from China ($31.4M), United States ($5.98M), Thailand ($4.88M), United Kingdom ($4.16M), and Germany ($3.79M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Ignitions EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Mexico$10.7M (239%)
United States$1.58M (191%)
Brazil$647k (33%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Ignitions BY Hong Kong WERE (2021 - 2022):
India-$595k (-53.2%)
Iran-$429k (-100%)
Mongolia-$135k (-17.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Electrical Ignitions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.06M
TOP IMPORT POTENTIALChina+ $13M

Electrical Ignitions’s highest export potential is China. With an export gap of $4.06M.   Electrical Ignitions’s highest import potential is China with an import gap of $13M.

See methodology.

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