2022
Exports
$631MWorld Rnk 42 / 222
Flag Rnk 28 / 1177
2022
PRODUCT COMPLEXITY IN Insulated Wire
-0.59Rnk 723 / 1025
2022
Imports
$3.15BWorld Rnk 13 / 225
Flag Rnk 20 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $631M in Insulated Wire, making it the 42nd largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 28th most exported product in Hong Kong. The main destination of Insulated Wire exports from Hong Kong are: Netherlands ($77.2M), Philippines ($66M), India ($61.1M), China ($54.7M), and Israel ($53.2M).

The fastest growing export markets for Insulated Wire of Hong Kong between 2021 and 2022 were Malaysia ($16.9M), Israel ($13.1M), and United States ($6.99M).

Imports In 2022, Hong Kong imported $3.15B in Insulated Wire, becoming the 13th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 20th most imported product in Hong Kong. Hong Kong imports Insulated Wire primarily from: China ($2.27B), United States ($176M), Vietnam ($94.7M), United Arab Emirates ($80.1M), and Japan ($77.4M).

The fastest growing import markets in Insulated Wire for Hong Kong between 2021 and 2022 were South Korea ($16.9M), Vietnam ($14.5M), and United Arab Emirates ($13.2M).

COMPANIES In 2023, leading companies such as Wistron (40), TE Connectivity (26), and Cloud Network Technology (17) were at the forefront of shipping Insulated Wire from Hong Kong to the United States.

Latest Trends

Oct 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 Insulated Wire. 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)$631M
IMPORTS (2022)$3.15B
NET TRADE (2022)-$2.52B

In 2022, Hong Kong exported $631M in Insulated Wire. The main destinations of Hong Kong exports on Insulated Wire were Netherlands ($77.2M), Philippines ($66M), India ($61.1M), China ($54.7M), and Israel ($53.2M).

In 2022, Hong Kong imported $3.15B in Insulated Wire, mainly from China ($2.27B), United States ($176M), Vietnam ($94.7M), United Arab Emirates ($80.1M), and Japan ($77.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Malaysia$16.9M (53%)
Israel$13.1M (32.7%)
United States$6.99M (53.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Hong Kong WERE (2021 - 2022):
Philippines-$41M (-38.3%)
Netherlands-$37.6M (-32.7%)
United Kingdom-$32.1M (-62.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $35.1M
TOP IMPORT POTENTIALChina+ $110M

Insulated Wire’s highest export potential is China. With an export gap of $35.1M.   Insulated Wire’s highest import potential is China with an import gap of $110M.

See methodology.

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