2022
Exports
$46.8MWorld Rnk 10 / 166
Flag Rnk 220 / 1177
2022
PRODUCT COMPLEXITY IN Musical Instrument Parts
1.19Rnk 106 / 1025
2022
Imports
$28.2MWorld Rnk 14 / 204
Flag Rnk 509 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $46.8M in Musical Instrument Parts, making it the 10th largest exporter of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 220th most exported product in Hong Kong. The main destination of Musical Instrument Parts exports from Hong Kong are: China ($37.8M), Indonesia ($3.52M), Tunisia ($1.24M), United States ($969k), and Mexico ($817k).

The fastest growing export markets for Musical Instrument Parts of Hong Kong between 2021 and 2022 were Tunisia ($1.24M), Indonesia ($1.06M), and Mexico ($698k).

Imports In 2022, Hong Kong imported $28.2M in Musical Instrument Parts, becoming the 14th largest importer of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 509th most imported product in Hong Kong. Hong Kong imports Musical Instrument Parts primarily from: China ($7.07M), United States ($5.83M), Japan ($2.88M), Italy ($2.71M), and Germany ($2.34M).

The fastest growing import markets in Musical Instrument Parts for Hong Kong between 2021 and 2022 were Japan ($281k), Australia ($265k), and United Kingdom ($187k).

COMPANIES In 2023, leading companies such as YAMAHA CORPORATION OF AMERICA (1) were at the forefront of shipping Musical Instrument Parts from Hong Kong to the United States.

Latest Trends

May 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 Musical Instrument 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 (2022)$46.8M
IMPORTS (2022)$28.2M
NET TRADE (2022)$18.6M

In 2022, Hong Kong exported $46.8M in Musical Instrument Parts. The main destinations of Hong Kong exports on Musical Instrument Parts were China ($37.8M), Indonesia ($3.52M), Tunisia ($1.24M), United States ($969k), and Mexico ($817k).

In 2022, Hong Kong imported $28.2M in Musical Instrument Parts, mainly from China ($7.07M), United States ($5.83M), Japan ($2.88M), Italy ($2.71M), and Germany ($2.34M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Musical Instrument Parts EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Tunisia$1.24M (1%)
Indonesia$1.06M (43.3%)
Mexico$698k (585%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical Instrument Parts BY Hong Kong WERE (2021 - 2022):
China-$17.6M (-31.8%)
Vietnam-$9.53M (-98.7%)
Japan-$3.14M (-93.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Musical Instrument Parts were:
In 2022, Hong Kong's main importing competitors in Musical Instrument Parts were:

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Trade Value of Musical Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $1.05M
TOP IMPORT POTENTIALChina+ $3.51M

Musical Instrument Parts’s highest export potential is United States. With an export gap of $1.05M.   Musical Instrument Parts’s highest import potential is China with an import gap of $3.51M.

See methodology.

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