2022
Exports
$493MWorld Rnk 20 / 216
Flag Rnk 35 / 1177
2022
PRODUCT COMPLEXITY IN Other Electrical Machinery
1.33Rnk 86 / 1025
2022
Imports
$3.02BWorld Rnk 4 / 224
Flag Rnk 21 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $493M in Other Electrical Machinery, making it the 20th largest exporter of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 35th most exported product in Hong Kong. The main destination of Other Electrical Machinery exports from Hong Kong are: United States ($76.4M), China ($75.8M), Singapore ($40.1M), Netherlands ($38.7M), and India ($35.5M).

The fastest growing export markets for Other Electrical Machinery of Hong Kong between 2021 and 2022 were United States ($61.4M), Singapore ($29.3M), and Russia ($16.9M).

Imports In 2022, Hong Kong imported $3.02B in Other Electrical Machinery, becoming the 4th largest importer of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 21st most imported product in Hong Kong. Hong Kong imports Other Electrical Machinery primarily from: China ($1.81B), Japan ($515M), Singapore ($213M), Indonesia ($78.1M), and Malaysia ($71.7M).

The fastest growing import markets in Other Electrical Machinery for Hong Kong between 2021 and 2022 were Japan ($69.5M), Indonesia ($37.4M), and Chinese Taipei ($17.8M).

COMPANIES In 2023, leading companies such as Cloud Network Technology (1), Baxter Healthcare (1), and John Deere (1) were at the forefront of shipping Other Electrical Machinery from Hong Kong to the United States.

Latest Trends

Sep 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 Other Electrical Machinery. 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)$493M
IMPORTS (2022)$3.02B
NET TRADE (2022)-$2.52B

In 2022, Hong Kong exported $493M in Other Electrical Machinery. The main destinations of Hong Kong exports on Other Electrical Machinery were United States ($76.4M), China ($75.8M), Singapore ($40.1M), Netherlands ($38.7M), and India ($35.5M).

In 2022, Hong Kong imported $3.02B in Other Electrical Machinery, mainly from China ($1.81B), Japan ($515M), Singapore ($213M), Indonesia ($78.1M), and Malaysia ($71.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Electrical Machinery EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
United States$61.4M (408%)
Singapore$29.3M (271%)
Russia$16.9M (1.03k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Electrical Machinery BY Hong Kong WERE (2021 - 2022):
United Kingdom-$18.1M (-39.5%)
South Korea-$17.4M (-84.9%)
Netherlands-$12.3M (-24.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Other Electrical Machinery were:
In 2022, Hong Kong's main importing competitors in Other Electrical Machinery were:

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Trade Value of Other Electrical Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $53.2M
TOP IMPORT POTENTIALChina+ $144M

Other Electrical Machinery’s highest export potential is China. With an export gap of $53.2M.   Other Electrical Machinery’s highest import potential is China with an import gap of $144M.

See methodology.

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