2022
Exports
$411MWorld Rnk 32 / 216
Flag Rnk 43 / 1177
2022
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.9Rnk 10 / 1025
2022
Imports
$1.99BWorld Rnk 18 / 225
Flag Rnk 32 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $411M in Machinery Having Individual Functions, making it the 32nd largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 43rd most exported product in Hong Kong. The main destination of Machinery Having Individual Functions exports from Hong Kong are: Malaysia ($74.8M), Singapore ($69.7M), China ($66.1M), Philippines ($50.1M), and Indonesia ($29.6M).

The fastest growing export markets for Machinery Having Individual Functions of Hong Kong between 2021 and 2022 were Malaysia ($16.8M), Hungary ($9.27M), and Netherlands ($7.68M).

Imports In 2022, Hong Kong imported $1.99B in Machinery Having Individual Functions, becoming the 18th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 32nd most imported product in Hong Kong. Hong Kong imports Machinery Having Individual Functions primarily from: China ($721M), Singapore ($387M), Japan ($350M), Germany ($127M), and United States ($127M).

The fastest growing import markets in Machinery Having Individual Functions for Hong Kong between 2021 and 2022 were Singapore ($175M), United States ($38.1M), and Malaysia ($11.7M).

COMPANIES In 2023, leading companies such as Panasonic (104), StarTech (24), and Wistron (16) were at the forefront of shipping Machinery Having Individual Functions from Hong Kong to the United States.

Latest Trends

Nov 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 Machinery Having Individual Functions. 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)$411M
IMPORTS (2022)$1.99B
NET TRADE (2022)-$1.58B

In 2022, Hong Kong exported $411M in Machinery Having Individual Functions. The main destinations of Hong Kong exports on Machinery Having Individual Functions were Malaysia ($74.8M), Singapore ($69.7M), China ($66.1M), Philippines ($50.1M), and Indonesia ($29.6M).

In 2022, Hong Kong imported $1.99B in Machinery Having Individual Functions, mainly from China ($721M), Singapore ($387M), Japan ($350M), Germany ($127M), and United States ($127M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Malaysia$16.8M (28.9%)
Hungary$9.27M (1.12k%)
Netherlands$7.68M (126%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Hong Kong WERE (2021 - 2022):
Singapore-$273M (-79.7%)
China-$112M (-62.8%)
Iran-$15.2M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Machinery Having Individual Functions were:
In 2022, Hong Kong's main importing competitors in Machinery Having Individual Functions were:

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $24M
TOP IMPORT POTENTIALChina+ $124M

Machinery Having Individual Functions’s highest export potential is China. With an export gap of $24M.   Machinery Having Individual Functions’s highest import potential is China with an import gap of $124M.

See methodology.

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