2022
Exports
$28.1MWorld Rnk 17 / 175
Flag Rnk 286 / 1177
2022
PRODUCT COMPLEXITY IN Sound Recording Equipment
0.32Rnk 439 / 1025
2022
Imports
$65.5MWorld Rnk 13 / 209
Flag Rnk 364 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $28.1M in Sound Recording Equipment, making it the 17th largest exporter of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 286th most exported product in Hong Kong. The main destination of Sound Recording Equipment exports from Hong Kong are: Netherlands ($6.28M), Germany ($4.45M), United States ($4.22M), India ($1.72M), and Brazil ($1.57M).

The fastest growing export markets for Sound Recording Equipment of Hong Kong between 2021 and 2022 were United States ($3.06M), Brazil ($1.55M), and Chinese Taipei ($640k).

Imports In 2022, Hong Kong imported $65.5M in Sound Recording Equipment, becoming the 13th largest importer of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 364th most imported product in Hong Kong. Hong Kong imports Sound Recording Equipment primarily from: China ($39.6M), Japan ($6.26M), South Korea ($4.94M), United States ($2.49M), and Germany ($2.33M).

The fastest growing import markets in Sound Recording Equipment for Hong Kong between 2021 and 2022 were China ($22.3M), South Korea ($4.35M), and Japan ($3.96M).

COMPANIES In 2023, leading companies such as John Deere (1) were at the forefront of shipping Sound Recording Equipment 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 Sound Recording 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 (2022)$28.1M
IMPORTS (2022)$65.5M
NET TRADE (2022)-$37.3M

In 2022, Hong Kong exported $28.1M in Sound Recording Equipment. The main destinations of Hong Kong exports on Sound Recording Equipment were Netherlands ($6.28M), Germany ($4.45M), United States ($4.22M), India ($1.72M), and Brazil ($1.57M).

In 2022, Hong Kong imported $65.5M in Sound Recording Equipment, mainly from China ($39.6M), Japan ($6.26M), South Korea ($4.94M), United States ($2.49M), and Germany ($2.33M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sound Recording Equipment EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
United States$3.06M (262%)
Brazil$1.55M (7.05k%)
Chinese Taipei$640k (868%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sound Recording Equipment BY Hong Kong WERE (2021 - 2022):
Netherlands-$4.71M (-42.9%)
United Kingdom-$3.41M (-75.7%)
Russia-$717k (-49.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Sound Recording Equipment were:
In 2022, Hong Kong's main importing competitors in Sound Recording Equipment were:

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Trade Value of Sound Recording Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.4M
TOP IMPORT POTENTIALChina+ $14.4M

Sound Recording Equipment’s highest export potential is United States. With an export gap of $2.4M.   Sound Recording Equipment’s highest import potential is China with an import gap of $14.4M.

See methodology.

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