2022
Exports
$166MWorld Rnk 55 / 226
Flag Rnk 91 / 1177
2022
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1Rnk 170 / 1025
2022
Imports
$529MWorld Rnk 53 / 225
Flag Rnk 93 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $166M in Motor vehicles; parts and accessories (8701 to 8705), making it the 55th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 91st most exported product in Hong Kong. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Hong Kong are: China ($35.8M), India ($23.2M), Singapore ($12.5M), Poland ($9.16M), and Brazil ($6.89M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Hong Kong between 2021 and 2022 were China ($14.8M), Egypt ($3.72M), and Brazil ($3.66M).

Imports In 2022, Hong Kong imported $529M in Motor vehicles; parts and accessories (8701 to 8705), becoming the 53rd largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 93rd most imported product in Hong Kong. Hong Kong imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: China ($96.6M), Singapore ($71.7M), Japan ($61.8M), Malaysia ($52.8M), and Germany ($44.4M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Hong Kong between 2021 and 2022 were Germany ($4.95M), United States ($3.81M), and Bahrain ($2.78M).

COMPANIES In 2023, leading companies such as John Deere (23), Robert Bosch (4), and ZF Friedrichshafen (4) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) from Hong Kong to the United States.

Latest Trends

Jul 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 Motor vehicles; parts and accessories (8701 to 8705). 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)$166M
IMPORTS (2022)$529M
NET TRADE (2022)-$363M

In 2022, Hong Kong exported $166M in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Hong Kong exports on Motor vehicles; parts and accessories (8701 to 8705) were China ($35.8M), India ($23.2M), Singapore ($12.5M), Poland ($9.16M), and Brazil ($6.89M).

In 2022, Hong Kong imported $529M in Motor vehicles; parts and accessories (8701 to 8705), mainly from China ($96.6M), Singapore ($71.7M), Japan ($61.8M), Malaysia ($52.8M), and Germany ($44.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
China$14.8M (70.5%)
Egypt$3.72M (1.23k%)
Brazil$3.66M (113%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Hong Kong WERE (2021 - 2022):
Iran-$6.28M (-80.7%)
Singapore-$5.65M (-31.1%)
Philippines-$1.73M (-34.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2022, Hong Kong's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $48.4M
TOP IMPORT POTENTIALChina+ $118M

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is China. With an export gap of $48.4M.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is China with an import gap of $118M.

See methodology.

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