2022
Exports
$1.19BWorld Rnk 25 / 223
Flag Rnk 14 / 1177
2022
PRODUCT COMPLEXITY IN Electrical Transformers
0.65Rnk 294 / 1025
2022
Imports
$7.87BWorld Rnk 4 / 225
Flag Rnk 13 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $1.19B in Electrical Transformers, making it the 25th largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 14th most exported product in Hong Kong. The main destination of Electrical Transformers exports from Hong Kong are: India ($217M), Netherlands ($122M), China ($112M), Malaysia ($101M), and Hungary ($101M).

The fastest growing export markets for Electrical Transformers of Hong Kong between 2021 and 2022 were Hungary ($22.3M), Brazil ($20.2M), and Israel ($18.3M).

Imports In 2022, Hong Kong imported $7.87B in Electrical Transformers, becoming the 4th largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 13th most imported product in Hong Kong. Hong Kong imports Electrical Transformers primarily from: China ($5.79B), Japan ($419M), Germany ($247M), Philippines ($238M), and Chinese Taipei ($229M).

The fastest growing import markets in Electrical Transformers for Hong Kong between 2021 and 2022 were Thailand ($22.1M), Germany ($10.6M), and Singapore ($4.61M).

COMPANIES In 2023, leading companies such as Cloud Network Technology (205), Robert Bosch (53), and Panasonic (28) were at the forefront of shipping Electrical Transformers 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 Transformers. 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)$1.19B
IMPORTS (2022)$7.87B
NET TRADE (2022)-$6.68B

In 2022, Hong Kong exported $1.19B in Electrical Transformers. The main destinations of Hong Kong exports on Electrical Transformers were India ($217M), Netherlands ($122M), China ($112M), Malaysia ($101M), and Hungary ($101M).

In 2022, Hong Kong imported $7.87B in Electrical Transformers, mainly from China ($5.79B), Japan ($419M), Germany ($247M), Philippines ($238M), and Chinese Taipei ($229M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Hungary$22.3M (28.5%)
Brazil$20.2M (135%)
Israel$18.3M (42.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY Hong Kong WERE (2021 - 2022):
Netherlands-$45.8M (-27.3%)
China-$19M (-14.5%)
Philippines-$10.5M (-11.8%)

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 Transformers were:
In 2022, Hong Kong's main importing competitors in Electrical Transformers were:

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Trade Value of Electrical Transformers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $39.3M
TOP IMPORT POTENTIALChina+ $237M

Electrical Transformers’s highest export potential is United States. With an export gap of $39.3M.   Electrical Transformers’s highest import potential is China with an import gap of $237M.

See methodology.

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