2022
Exports
$25.7MWorld Rnk 16 / 167
Flag Rnk 301 / 1177
2022
PRODUCT COMPLEXITY IN Electric Musical Instruments
0.55Rnk 344 / 1025
2022
Imports
$38.4MWorld Rnk 16 / 210
Flag Rnk 447 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $25.7M in Electric Musical Instruments, making it the 16th largest exporter of Electric Musical Instruments in the world. At the same year, Electric Musical Instruments was the 301st most exported product in Hong Kong. The main destination of Electric Musical Instruments exports from Hong Kong are: China ($17.3M), India ($1.15M), Spain ($1.06M), Russia ($795k), and Netherlands ($596k).

The fastest growing export markets for Electric Musical Instruments of Hong Kong between 2021 and 2022 were China ($11.3M), Russia ($784k), and Spain ($214k).

Imports In 2022, Hong Kong imported $38.4M in Electric Musical Instruments, becoming the 16th largest importer of Electric Musical Instruments in the world. At the same year, Electric Musical Instruments was the 447th most imported product in Hong Kong. Hong Kong imports Electric Musical Instruments primarily from: China ($12.4M), United States ($10.6M), Indonesia ($4.9M), Malaysia ($3.66M), and Denmark ($2.06M).

The fastest growing import markets in Electric Musical Instruments for Hong Kong between 2021 and 2022 were Indonesia ($2.57M), United States ($2.49M), and Portugal ($208k).

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 Electric Musical 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)$25.7M
IMPORTS (2022)$38.4M
NET TRADE (2022)-$12.7M

In 2022, Hong Kong exported $25.7M in Electric Musical Instruments. The main destinations of Hong Kong exports on Electric Musical Instruments were China ($17.3M), India ($1.15M), Spain ($1.06M), Russia ($795k), and Netherlands ($596k).

In 2022, Hong Kong imported $38.4M in Electric Musical Instruments, mainly from China ($12.4M), United States ($10.6M), Indonesia ($4.9M), Malaysia ($3.66M), and Denmark ($2.06M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Musical Instruments EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
China$11.3M (188%)
Russia$784k (7.23k%)
Spain$214k (25.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Musical Instruments BY Hong Kong WERE (2021 - 2022):
Netherlands-$1.83M (-75.4%)
Mexico-$1.42M (-97.1%)
Singapore-$798k (-92.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Electric Musical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $467k
TOP IMPORT POTENTIALChina+ $7.15M

Electric Musical Instruments’s highest export potential is United States. With an export gap of $467k.   Electric Musical Instruments’s highest import potential is China with an import gap of $7.15M.

See methodology.

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