2023
Exports
$50.1MWorld Rnk 9 / 172
Flag Rnk 197 / 1181
2023
PRODUCT COMPLEXITY IN Musical Instrument Parts
1.24Rnk 97 / 1025
2023
Imports
$28.8MWorld Rnk 14 / 206
Flag Rnk 475 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $50.1M in Musical Instrument Parts, making it the 9th largest exporter of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 197th most exported product in Hong Kong. The main destination of Musical Instrument Parts exports from Hong Kong are: China ($31.9M), Vietnam ($6.13M), Indonesia ($3.63M), Japan ($2.57M), and Mexico ($2.28M).

The fastest growing export markets for Musical Instrument Parts of Hong Kong between 2022 and 2023 were Vietnam ($6.11M), Japan ($2.37M), and Mexico ($1.46M).

Imports In 2023, Hong Kong imported $28.8M in Musical Instrument Parts, becoming the 14th largest importer of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 475th most imported product in Hong Kong. Hong Kong imports Musical Instrument Parts primarily from: China ($7.39M), United States ($5.82M), Germany ($4.13M), Japan ($2.63M), and Tunisia ($1.81M).

The fastest growing import markets in Musical Instrument Parts for Hong Kong between 2022 and 2023 were Germany ($1.38M), Tunisia ($1.26M), and Japan ($995k).

Latest Trends

Jan 2025

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 Musical Instrument 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 (2023)$50.1M
IMPORTS (2023)$28.8M
NET TRADE (2023)$21.3M

In 2023, Hong Kong exported $50.1M in Musical Instrument Parts. The main destinations of Hong Kong exports on Musical Instrument Parts were China ($31.9M), Vietnam ($6.13M), Indonesia ($3.63M), Japan ($2.57M), and Mexico ($2.28M).

In 2023, Hong Kong imported $28.8M in Musical Instrument Parts, mainly from China ($7.39M), United States ($5.82M), Germany ($4.13M), Japan ($2.63M), and Tunisia ($1.81M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Musical Instrument Parts EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
Vietnam$6.11M (31.8k%)
Japan$2.37M (1.21k%)
Mexico$1.46M (178%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical Instrument Parts BY Hong Kong WERE (2022 - 2023):
China-$5.78M (-15.3%)
United States-$395k (-41%)
Tunisia-$314k (-25.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Musical Instrument Parts were:
In 2023, Hong Kong's main importing competitors in Musical Instrument Parts were:

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Trade Value of Musical Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $1.05M
TOP IMPORT POTENTIALChina+ $3.51M

Musical Instrument Parts’s highest export potential is United States. With an export gap of $1.05M.   Musical Instrument Parts’s highest import potential is China with an import gap of $3.51M.

See methodology.

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