2022
Exports
$22.5MWorld Rnk 29 / 187
Flag Rnk 321 / 1177
2022
PRODUCT COMPLEXITY IN Opto-Electric Instrument Parts
1.05Rnk 150 / 1025
2022
Imports
$170MWorld Rnk 3 / 220
Flag Rnk 217 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $22.5M in Opto-Electric Instrument Parts, making it the 29th largest exporter of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 321st most exported product in Hong Kong. The main destination of Opto-Electric Instrument Parts exports from Hong Kong are: Australia ($5.74M), India ($2.55M), China ($1.71M), Singapore ($1.58M), and Philippines ($1.28M).

The fastest growing export markets for Opto-Electric Instrument Parts of Hong Kong between 2021 and 2022 were Mexico ($728k), Australia ($720k), and Cambodia ($456k).

Imports In 2022, Hong Kong imported $170M in Opto-Electric Instrument Parts, becoming the 3rd largest importer of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 217th most imported product in Hong Kong. Hong Kong imports Opto-Electric Instrument Parts primarily from: Vietnam ($74.5M), China ($26.4M), United States ($16.6M), Thailand ($15M), and Costa Rica ($5.72M).

The fastest growing import markets in Opto-Electric Instrument Parts for Hong Kong between 2021 and 2022 were Vietnam ($58.7M), United States ($7.05M), and Canada ($2.9M).

Latest Trends

Jul 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 Opto-Electric 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)$22.5M
IMPORTS (2022)$170M
NET TRADE (2022)-$147M

In 2022, Hong Kong exported $22.5M in Opto-Electric Instrument Parts. The main destinations of Hong Kong exports on Opto-Electric Instrument Parts were Australia ($5.74M), India ($2.55M), China ($1.71M), Singapore ($1.58M), and Philippines ($1.28M).

In 2022, Hong Kong imported $170M in Opto-Electric Instrument Parts, mainly from Vietnam ($74.5M), China ($26.4M), United States ($16.6M), Thailand ($15M), and Costa Rica ($5.72M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Opto-Electric Instrument Parts EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Mexico$728k (2.64k%)
Australia$720k (14.3%)
Cambodia$456k (7.45k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Opto-Electric Instrument Parts BY Hong Kong WERE (2021 - 2022):
Indonesia-$810k (-87%)
Singapore-$590k (-27.2%)
Netherlands-$523k (-45.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Opto-Electric Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $790k
TOP IMPORT POTENTIALChina+ $5.41M

Opto-Electric Instrument Parts’s highest export potential is India. With an export gap of $790k.   Opto-Electric Instrument Parts’s highest import potential is China with an import gap of $5.41M.

See methodology.

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