2022
Exports
$26.9MWorld Rnk 44 / 213
Flag Rnk 297 / 1177
2022
PRODUCT COMPLEXITY IN Interchangeable Tool Parts
1.7Rnk 24 / 1025
2022
Imports
$146MWorld Rnk 37 / 225
Flag Rnk 238 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $26.9M in Interchangeable Tool Parts, making it the 44th largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 297th most exported product in Hong Kong. The main destination of Interchangeable Tool Parts exports from Hong Kong are: China ($8.03M), India ($3.72M), Philippines ($1.34M), Singapore ($957k), and Japan ($867k).

The fastest growing export markets for Interchangeable Tool Parts of Hong Kong between 2021 and 2022 were China ($5.29M), India ($618k), and Singapore ($456k).

Imports In 2022, Hong Kong imported $146M in Interchangeable Tool Parts, becoming the 37th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 238th most imported product in Hong Kong. Hong Kong imports Interchangeable Tool Parts primarily from: China ($49.4M), Japan ($39.5M), Thailand ($20.6M), South Korea ($8.45M), and Germany ($6.17M).

The fastest growing import markets in Interchangeable Tool Parts for Hong Kong between 2021 and 2022 were Thailand ($5.22M), South Korea ($4.1M), and Czechia ($1.01M).

COMPANIES In 2023, leading companies such as Cloud Network Technology (86), Acer (1), and Baxter Healthcare (1) were at the forefront of shipping Interchangeable Tool Parts 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 Interchangeable Tool 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 (2022)$26.9M
IMPORTS (2022)$146M
NET TRADE (2022)-$119M

In 2022, Hong Kong exported $26.9M in Interchangeable Tool Parts. The main destinations of Hong Kong exports on Interchangeable Tool Parts were China ($8.03M), India ($3.72M), Philippines ($1.34M), Singapore ($957k), and Japan ($867k).

In 2022, Hong Kong imported $146M in Interchangeable Tool Parts, mainly from China ($49.4M), Japan ($39.5M), Thailand ($20.6M), South Korea ($8.45M), and Germany ($6.17M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
China$5.29M (193%)
India$618k (19.9%)
Singapore$456k (90.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY Hong Kong WERE (2021 - 2022):
Vietnam-$3.37M (-83.6%)
Malaysia-$1.85M (-75.6%)
Philippines-$811k (-37.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Interchangeable Tool Parts were:
In 2022, Hong Kong's main importing competitors in Interchangeable Tool Parts were:

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Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.54M
TOP IMPORT POTENTIALChina+ $28.5M

Interchangeable Tool Parts’s highest export potential is China. With an export gap of $5.54M.   Interchangeable Tool Parts’s highest import potential is China with an import gap of $28.5M.

See methodology.

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