2022
Exports
$2.9MWorld Rnk 35 / 160
Flag Rnk 733 / 1177
2022
PRODUCT COMPLEXITY IN Metalworking Machines
1.92Rnk 9 / 1025
2022
Imports
$5.01MWorld Rnk 54 / 212
Flag Rnk 833 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $2.9M in Metalworking Machines, making it the 35th largest exporter of Metalworking Machines in the world. At the same year, Metalworking Machines was the 733rd most exported product in Hong Kong. The main destination of Metalworking Machines exports from Hong Kong are: China ($1.65M), India ($174k), Netherlands ($109k), Malaysia ($109k), and Thailand ($103k).

The fastest growing export markets for Metalworking Machines of Hong Kong between 2021 and 2022 were China ($324k), Thailand ($98.9k), and Netherlands ($83.7k).

Imports In 2022, Hong Kong imported $5.01M in Metalworking Machines, becoming the 54th largest importer of Metalworking Machines in the world. At the same year, Metalworking Machines was the 833rd most imported product in Hong Kong. Hong Kong imports Metalworking Machines primarily from: China ($2.54M), Italy ($512k), Switzerland ($492k), Japan ($330k), and United States ($323k).

The fastest growing import markets in Metalworking Machines for Hong Kong between 2021 and 2022 were China ($1.37M), Italy ($464k), and Serbia ($215k).

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 Metalworking Machines. 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)$2.9M
IMPORTS (2022)$5.01M
NET TRADE (2022)-$2.12M

In 2022, Hong Kong exported $2.9M in Metalworking Machines. The main destinations of Hong Kong exports on Metalworking Machines were China ($1.65M), India ($174k), Netherlands ($109k), Malaysia ($109k), and Thailand ($103k).

In 2022, Hong Kong imported $5.01M in Metalworking Machines, mainly from China ($2.54M), Italy ($512k), Switzerland ($492k), Japan ($330k), and United States ($323k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machines EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
China$324k (24.4%)
Thailand$98.9k (2.18k%)
Netherlands$83.7k (324%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machines BY Hong Kong WERE (2021 - 2022):
United States-$216k (-91.9%)
Pakistan-$141k (-61.7%)
Philippines-$78k (-72.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Metalworking Machines were:
In 2022, Hong Kong's main importing competitors in Metalworking Machines were:

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Trade Value of Metalworking Machines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $1.19M
TOP IMPORT POTENTIALChina+ $1.15M

Metalworking Machines’s highest export potential is China. With an export gap of $1.19M.   Metalworking Machines’s highest import potential is China with an import gap of $1.15M.

See methodology.

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