2023
Exports
$184MWorld Rnk 26 / 199
Flag Rnk 76 / 1181
2023
PRODUCT COMPLEXITY IN Navigation Equipment
1.03Rnk 167 / 1025
2023
Imports
$297MWorld Rnk 21 / 223
Flag Rnk 137 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $184M in Navigation Equipment, making it the 26th largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 76th most exported product in Hong Kong. The main destination of Navigation Equipment exports from Hong Kong are: Vietnam ($70.4M), China ($31.2M), Netherlands ($12.4M), Hungary ($10.7M), and Mexico ($6.87M).

The fastest growing export markets for Navigation Equipment of Hong Kong between 2022 and 2023 were Vietnam ($68.4M), Hungary ($6.68M), and Mexico ($6.15M).

Imports In 2023, Hong Kong imported $297M in Navigation Equipment, becoming the 21st largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 137th most imported product in Hong Kong. Hong Kong imports Navigation Equipment primarily from: China ($193M), Japan ($25.1M), Chinese Taipei ($14.7M), Austria ($13.3M), and Germany ($11.5M).

The fastest growing import markets in Navigation Equipment for Hong Kong between 2022 and 2023 were China ($31.5M), Japan ($16.6M), and Vietnam ($2.82M).

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 Navigation Equipment. 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)$184M
IMPORTS (2023)$297M
NET TRADE (2023)-$113M

In 2023, Hong Kong exported $184M in Navigation Equipment. The main destinations of Hong Kong exports on Navigation Equipment were Vietnam ($70.4M), China ($31.2M), Netherlands ($12.4M), Hungary ($10.7M), and Mexico ($6.87M).

In 2023, Hong Kong imported $297M in Navigation Equipment, mainly from China ($193M), Japan ($25.1M), Chinese Taipei ($14.7M), Austria ($13.3M), and Germany ($11.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
Vietnam$68.4M (3.49k%)
Hungary$6.68M (164%)
Mexico$6.15M (850%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY Hong Kong WERE (2022 - 2023):
India-$7.09M (-86.7%)
Netherlands-$5.19M (-29.5%)
China-$4.09M (-11.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Navigation Equipment were:
In 2023, Hong Kong's main importing competitors in Navigation Equipment were:

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Trade Value of Navigation Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $20.1M
TOP IMPORT POTENTIALChina+ $25.7M

Navigation Equipment’s highest export potential is China. With an export gap of $20.1M.   Navigation Equipment’s highest import potential is China with an import gap of $25.7M.

See methodology.

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