2023
Exports
$173MWorld Rnk 54 / 226
Flag Rnk 81 / 1181
2023
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1.12Rnk 138 / 1025
2023
Imports
$500MWorld Rnk 56 / 226
Flag Rnk 95 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $173M in Motor vehicles; parts and accessories (8701 to 8705), making it the 54th 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 81st most exported product in Hong Kong. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Hong Kong are: China ($61.2M), Singapore ($18.9M), Poland ($12.2M), Russia ($8.1M), and India ($5.9M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Hong Kong between 2022 and 2023 were China ($29M), Singapore ($6.33M), and Russia ($6.1M).

Imports In 2023, Hong Kong imported $500M in Motor vehicles; parts and accessories (8701 to 8705), becoming the 56th 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 95th most imported product in Hong Kong. Hong Kong imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: China ($116M), Japan ($66.8M), Singapore ($64.8M), Germany ($55.2M), and United States ($31.2M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Hong Kong between 2022 and 2023 were China ($31.4M), Singapore ($11.7M), and Malaysia ($6.48M).

COMPANIES In 2024, leading companies such as Robert Bosch (4), ZF Friedrichshafen (4), and Cloud Network Technology (2) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) 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 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 (2023)$173M
IMPORTS (2023)$500M
NET TRADE (2023)-$327M

In 2023, Hong Kong exported $173M 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 ($61.2M), Singapore ($18.9M), Poland ($12.2M), Russia ($8.1M), and India ($5.9M).

In 2023, Hong Kong imported $500M in Motor vehicles; parts and accessories (8701 to 8705), mainly from China ($116M), Japan ($66.8M), Singapore ($64.8M), Germany ($55.2M), and United States ($31.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
China$29M (90.2%)
Singapore$6.33M (50.5%)
Russia$6.1M (305%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Hong Kong WERE (2022 - 2023):
India-$17.5M (-74.8%)
Iran-$4.37M (-94.9%)
Hungary-$3.17M (-85.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
Germany $69.4B
China $49.1B
Mexico $41.1B
In 2023, 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.

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