2022
Exports
$19.3BWorld Rnk 27 / 226
Flag Rnk 3 / 96
2022
PRODUCT COMPLEXITY IN Machinery, mechanical appliances, & parts
2.21Rnk 2 / 1025
2022
Imports
$69.4BWorld Rnk 9 / 226
Flag Rnk 3 / 96
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $19.3B in Machinery, mechanical appliances, & parts, making it the 27th largest exporter of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 3rd most exported product in Hong Kong. The main destination of Machinery, mechanical appliances, & parts exports from Hong Kong are: China ($6.05B), India ($1.83B), Netherlands ($1.82B), Philippines ($876M), and Russia ($811M).

The fastest growing export markets for Machinery, mechanical appliances, & parts of Hong Kong between 2021 and 2022 were Netherlands ($403M), Russia ($402M), and Macau ($252M).

Imports In 2022, Hong Kong imported $69.4B in Machinery, mechanical appliances, & parts, becoming the 9th largest importer of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 3rd most imported product in Hong Kong. Hong Kong imports Machinery, mechanical appliances, & parts primarily from: China ($39.1B), Chinese Taipei ($3.72B), Singapore ($3.69B), Vietnam ($3.09B), and United Kingdom ($2.93B).

The fastest growing import markets in Machinery, mechanical appliances, & parts for Hong Kong between 2021 and 2022 were Vietnam ($1.09B), Malaysia ($526M), and United Kingdom ($462M).

COMPANIES In 2023, leading companies such as Asus Computer (191), John Deere (152), and Panasonic (120) were at the forefront of shipping Machinery, mechanical appliances, & parts from Hong Kong to the United States.

Latest Trends

Aug 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, mechanical appliances, & parts. 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)$19.3B
IMPORTS (2022)$69.4B
NET TRADE (2022)-$50.1B

In 2022, Hong Kong exported $19.3B in Machinery, mechanical appliances, & parts. The main destinations of Hong Kong exports on Machinery, mechanical appliances, & parts were China ($6.05B), India ($1.83B), Netherlands ($1.82B), Philippines ($876M), and Russia ($811M).

In 2022, Hong Kong imported $69.4B in Machinery, mechanical appliances, & parts, mainly from China ($39.1B), Chinese Taipei ($3.72B), Singapore ($3.69B), Vietnam ($3.09B), and United Kingdom ($2.93B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machinery, mechanical appliances, & parts EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Netherlands$403M (28.5%)
Russia$402M (98.1%)
Macau$252M (374%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery, mechanical appliances, & parts BY Hong Kong WERE (2021 - 2022):
Singapore-$749M (-80.1%)
China-$572M (-8.65%)
United Kingdom-$401M (-67.6%)

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, mechanical appliances, & parts were:
In 2022, Hong Kong's main importing competitors in Machinery, mechanical appliances, & parts were:

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Trade Value of Machinery, mechanical appliances, & parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $514M
TOP IMPORT POTENTIALChina+ $5.81B

Machinery, mechanical appliances, & parts’s highest export potential is United States. With an export gap of $514M.   Machinery, mechanical appliances, & parts’s highest import potential is China with an import gap of $5.81B.

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