HS Icon Musical instruments; parts and accessories of such articles in  Flag Hong Kong

2020
Exports | Imports
: $92.3M | $114M, World Rnk 14 / 192
Flag Rnk 62 / 96 | World Rnk 17 / 218
Flag Rnk 80 / 96

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $52.9M | $2.7M, China |  China


ECONOMIC COMPLEXITY of Hong Kong
: 1.11, Rnk 23 / 127


PRODUCT COMPLEXITY  IN Musical instruments; parts and accessories of such articles
: 1.11, Rnk 12 / 96

Exports In 2020, Hong Kong exported $92.3M in Musical instruments; parts and accessories of such articles, making it the 14th largest exporter of Musical instruments; parts and accessories of such articles in the world. At the same year, Musical instruments; parts and accessories of such articles was the 62nd most exported product in Hong Kong. The main destination of Musical instruments; parts and accessories of such articles exports from Hong Kong are: China ($59.1M), Vietnam ($9.42M), Japan ($4.11M), United States ($2.82M), and Indonesia ($2.25M).

The fastest growing export markets for Musical instruments; parts and accessories of such articles of Hong Kong between 2019 and 2020 were China ($52.9M), Japan ($2.65M), and United Kingdom ($848k).

Imports In 2020, Hong Kong imported $114M in Musical instruments; parts and accessories of such articles, becoming the 17th largest importer of Musical instruments; parts and accessories of such articles in the world. At the same year, Musical instruments; parts and accessories of such articles was the 80th most imported product in Hong Kong. Hong Kong imports Musical instruments; parts and accessories of such articles primarily from: China ($30.7M), United States ($25.3M), Japan ($15.4M), Italy ($7.36M), and Germany ($6.97M).

The fastest growing import markets in Musical instruments; parts and accessories of such articles for Hong Kong between 2019 and 2020 were China ($2.7M), Denmark ($448k), and Croatia ($364k).

Subnational Monthly Trade

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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 instruments; parts and accessories of such articles. 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

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EXPORTS (2020): $92.3M

IMPORTS (2020): $114M

NET TRADE (2020): -$21.2M

In 2020, Hong Kong exported $92.3M in Musical instruments; parts and accessories of such articles. The main destinations of Hong Kong exports on Musical instruments; parts and accessories of such articles were China ($59.1M), Vietnam ($9.42M), Japan ($4.11M), United States ($2.82M), and Indonesia ($2.25M).

In 2020, Hong Kong imported $114M in Musical instruments; parts and accessories of such articles, mainly from China ($30.7M), United States ($25.3M), Japan ($15.4M), Italy ($7.36M), and Germany ($6.97M).

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IN 2020, Hong Kong HAD A POSITIVE NET TRADE IN Musical instruments; parts and accessories of such articles WITH:

IN 2020, Hong Kong HAD A NEGATIVE NET TRADE IN Musical instruments; parts and accessories of such articles WITH:

Flow

THE FASTEST GROWING Musical instruments; parts and accessories of such articles EXPORT MARKETS FOR Hong Kong WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical instruments; parts and accessories of such articles BY Hong Kong WERE (2019 - 2020):

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Market Concentration

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Type

In 2019, Hong Kong's main exporting competitors in Musical instruments; parts and accessories of such articles were:

In 2019, Hong Kong's main importing competitors in Musical instruments; parts and accessories of such articles were:

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Tariffs by Country

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In 2018, the tariffs for Musical instruments; parts and accessories of such articles in the imports of Hong Kong were of 0% around the world.