2022
Exports
$3.44MWorld Rnk 21 / 168
Flag Rnk 703 / 1177
2022
PRODUCT COMPLEXITY IN String Instruments
0.51Rnk 362 / 1025
2022
Imports
$19.4MWorld Rnk 15 / 209
Flag Rnk 573 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $3.44M in String Instruments, making it the 21st largest exporter of String Instruments in the world. At the same year, String Instruments was the 703rd most exported product in Hong Kong. The main destination of String Instruments exports from Hong Kong are: Chinese Taipei ($830k), Australia ($620k), Russia ($413k), United Kingdom ($303k), and China ($244k).

The fastest growing export markets for String Instruments of Hong Kong between 2021 and 2022 were Chinese Taipei ($824k), Australia ($590k), and United Kingdom ($160k).

Imports In 2022, Hong Kong imported $19.4M in String Instruments, becoming the 15th largest importer of String Instruments in the world. At the same year, String Instruments was the 573rd most imported product in Hong Kong. Hong Kong imports String Instruments primarily from: United States ($11.9M), Italy ($2.68M), China ($1.52M), United Kingdom ($728k), and Japan ($496k).

The fastest growing import markets in String Instruments for Hong Kong between 2021 and 2022 were South Korea ($136k), Switzerland ($133k), and United Kingdom ($129k).

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 String Instruments. 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)$3.44M
IMPORTS (2022)$19.4M
NET TRADE (2022)-$16M

In 2022, Hong Kong exported $3.44M in String Instruments. The main destinations of Hong Kong exports on String Instruments were Chinese Taipei ($830k), Australia ($620k), Russia ($413k), United Kingdom ($303k), and China ($244k).

In 2022, Hong Kong imported $19.4M in String Instruments, mainly from United States ($11.9M), Italy ($2.68M), China ($1.52M), United Kingdom ($728k), and Japan ($496k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING String Instruments EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Chinese Taipei$824k (13.4k%)
Australia$590k (1.98k%)
United Kingdom$160k (112%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF String Instruments BY Hong Kong WERE (2021 - 2022):
Russia-$973k (-70.2%)
Brazil-$635k (-97.3%)
Israel-$101k (-37.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in String Instruments were:
In 2022, Hong Kong's main importing competitors in String Instruments were:

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Trade Value of String Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $170k
TOP IMPORT POTENTIALChina+ $1.72M

String Instruments’s highest export potential is United States. With an export gap of $170k.   String Instruments’s highest import potential is China with an import gap of $1.72M.

See methodology.

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