2023
Exports
$33.2BWorld Rnk 20 / 226
Flag Rnk 2 / 96
2023
PRODUCT COMPLEXITY IN Electrical machinery and electronics
1.73Rnk 19 / 1025
2023
Imports
$341BWorld Rnk 3 / 226
Flag Rnk 1 / 96
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $33.2B in Electrical machinery and electronics, making it the 20th largest exporter of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 2nd most exported product in Hong Kong. The main destination of Electrical machinery and electronics exports from Hong Kong are: Vietnam ($10.1B), South Korea ($5.82B), Netherlands ($3.37B), Malaysia ($1.96B), and Russia ($1.39B).

The fastest growing export markets for Electrical machinery and electronics of Hong Kong between 2022 and 2023 were Vietnam ($8.83B), South Korea ($4.63B), and Russia ($125M).

Imports In 2023, Hong Kong imported $341B in Electrical machinery and electronics, becoming the 3rd largest importer of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 1st most imported product in Hong Kong. Hong Kong imports Electrical machinery and electronics primarily from: China ($156B), Chinese Taipei ($56.8B), Singapore ($31.9B), South Korea ($20B), and Malaysia ($14.3B).

The fastest growing import markets in Electrical machinery and electronics for Hong Kong between 2022 and 2023 were Vietnam ($3.6B), India ($1.59B), and Israel ($581M).

COMPANIES In 2024, leading companies such as Cloud Network Technology (480), Wistron (339), and TE Connectivity (143) were at the forefront of shipping Electrical machinery and electronics from Hong Kong to the United States.

Latest Trends

Dec 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 Electrical machinery and electronics. 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 (2023)$33.2B
IMPORTS (2023)$341B
NET TRADE (2023)-$308B

In 2023, Hong Kong exported $33.2B in Electrical machinery and electronics. The main destinations of Hong Kong exports on Electrical machinery and electronics were Vietnam ($10.1B), South Korea ($5.82B), Netherlands ($3.37B), Malaysia ($1.96B), and Russia ($1.39B).

In 2023, Hong Kong imported $341B in Electrical machinery and electronics, mainly from China ($156B), Chinese Taipei ($56.8B), Singapore ($31.9B), South Korea ($20B), and Malaysia ($14.3B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical machinery and electronics EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
Vietnam$8.83B (704%)
South Korea$4.63B (388%)
Russia$125M (9.94%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical machinery and electronics BY Hong Kong WERE (2022 - 2023):
India-$7.27B (-93.3%)
Israel-$783M (-75.4%)
Romania-$482M (-98.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Electrical machinery and electronics were:
In 2023, Hong Kong's main importing competitors in Electrical machinery and electronics were:

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Trade Value of Electrical machinery and electronics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.37B
TOP IMPORT POTENTIALChina+ $5.68B

Electrical machinery and electronics’s highest export potential is China. With an export gap of $1.37B.   Electrical machinery and electronics’s highest import potential is China with an import gap of $5.68B.

See methodology.

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