2023
Exports
$300MWorld Rnk 27 / 217
Flag Rnk 58 / 1181
2023
PRODUCT COMPLEXITY IN Other Electrical Machinery
1.46Rnk 52 / 1025
2023
Imports
$1.75BWorld Rnk 9 / 225
Flag Rnk 37 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $300M in Other Electrical Machinery, making it the 27th largest exporter of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 58th most exported product in Hong Kong. The main destination of Other Electrical Machinery exports from Hong Kong are: Vietnam ($38M), United States ($35.4M), Malaysia ($22.2M), Singapore ($21.6M), and South Korea ($21.1M).

The fastest growing export markets for Other Electrical Machinery of Hong Kong between 2022 and 2023 were Vietnam ($36.1M), South Korea ($18M), and Indonesia ($5.75M).

Imports In 2023, Hong Kong imported $1.75B in Other Electrical Machinery, becoming the 9th largest importer of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 37th most imported product in Hong Kong. Hong Kong imports Other Electrical Machinery primarily from: China ($1.07B), Japan ($251M), United States ($74.3M), Thailand ($57.4M), and Chinese Taipei ($49.5M).

The fastest growing import markets in Other Electrical Machinery for Hong Kong between 2022 and 2023 were Macau ($34M), Thailand ($29.3M), and United States ($6M).

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 Other Electrical Machinery. 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)$300M
IMPORTS (2023)$1.75B
NET TRADE (2023)-$1.45B

In 2023, Hong Kong exported $300M in Other Electrical Machinery. The main destinations of Hong Kong exports on Other Electrical Machinery were Vietnam ($38M), United States ($35.4M), Malaysia ($22.2M), Singapore ($21.6M), and South Korea ($21.1M).

In 2023, Hong Kong imported $1.75B in Other Electrical Machinery, mainly from China ($1.07B), Japan ($251M), United States ($74.3M), Thailand ($57.4M), and Chinese Taipei ($49.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Electrical Machinery EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
Vietnam$36.1M (2k%)
South Korea$18M (592%)
Indonesia$5.75M (107%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Electrical Machinery BY Hong Kong WERE (2022 - 2023):
United States-$40.8M (-53.5%)
China-$36.5M (-73.4%)
India-$27.4M (-77.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Other Electrical Machinery were:
In 2023, Hong Kong's main importing competitors in Other Electrical Machinery were:

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Trade Value of Other Electrical Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $53.2M
TOP IMPORT POTENTIALChina+ $144M

Other Electrical Machinery’s highest export potential is China. With an export gap of $53.2M.   Other Electrical Machinery’s highest import potential is China with an import gap of $144M.

See methodology.

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