2023
Exports
$17.4BWorld Rnk 27 / 226
Flag Rnk 3 / 96
2023
PRODUCT COMPLEXITY IN Machinery, mechanical appliances, & parts
2.12Rnk 2 / 1025
2023
Imports
$66.5BWorld Rnk 10 / 226
Flag Rnk 3 / 96
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $17.4B in Machinery, mechanical appliances, & parts, making it the 27th largest exporter of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 3rd most exported product in Hong Kong. The main destination of Machinery, mechanical appliances, & parts exports from Hong Kong are: China ($5.46B), Vietnam ($1.41B), Netherlands ($1.17B), South Korea ($1.09B), and Russia ($896M).

The fastest growing export markets for Machinery, mechanical appliances, & parts of Hong Kong between 2022 and 2023 were Vietnam ($852M), South Korea ($704M), and United Kingdom ($693M).

Imports In 2023, Hong Kong imported $66.5B in Machinery, mechanical appliances, & parts, becoming the 10th largest importer of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 3rd most imported product in Hong Kong. Hong Kong imports Machinery, mechanical appliances, & parts primarily from: China ($33.7B), Chinese Taipei ($4.36B), United Kingdom ($4.36B), Singapore ($4.16B), and United States ($3.16B).

The fastest growing import markets in Machinery, mechanical appliances, & parts for Hong Kong between 2022 and 2023 were United Kingdom ($1.44B), Singapore ($1.36B), and Luxembourg ($390M).

COMPANIES In 2024, leading companies such as Asus Computer (159), Wistron (139), and Cloud Network Technology (101) were at the forefront of shipping Machinery, mechanical appliances, & parts 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 Machinery, mechanical appliances, & parts. 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)$17.4B
IMPORTS (2023)$66.5B
NET TRADE (2023)-$49.2B

In 2023, Hong Kong exported $17.4B in Machinery, mechanical appliances, & parts. The main destinations of Hong Kong exports on Machinery, mechanical appliances, & parts were China ($5.46B), Vietnam ($1.41B), Netherlands ($1.17B), South Korea ($1.09B), and Russia ($896M).

In 2023, Hong Kong imported $66.5B in Machinery, mechanical appliances, & parts, mainly from China ($33.7B), Chinese Taipei ($4.36B), United Kingdom ($4.36B), Singapore ($4.16B), and United States ($3.16B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Machinery, mechanical appliances, & parts EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
Vietnam$852M (151%)
South Korea$704M (183%)
United Kingdom$693M (363%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery, mechanical appliances, & parts BY Hong Kong WERE (2022 - 2023):
India-$1.71B (-93%)
Netherlands-$641M (-35.4%)
Israel-$335M (-77.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Machinery, mechanical appliances, & parts were:
In 2023, Hong Kong's main importing competitors in Machinery, mechanical appliances, & parts were:

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Trade Value of Machinery, mechanical appliances, & parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $514M
TOP IMPORT POTENTIALChina+ $5.81B

Machinery, mechanical appliances, & parts’s highest export potential is United States. With an export gap of $514M.   Machinery, mechanical appliances, & parts’s highest import potential is China with an import gap of $5.81B.

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