Why Are These The Hong Kong's Top 10 Imports, By 2021-24? Blog-45

 

By Dr. Lade Vedkumar.

Very impressive import prospects are going to expand in these products by 2024.

These are the average values of 2020 and prospects by 2024.

Smart cards; electronic circuits; LED lamps:

2020-143.8 billion dollars, 

2024-166.7 billion dollars.

Mobiles:

2020-46.6 billion dollars,

2024-54.0 billion dollars.

Mobile parts:

2020-30.9 billion dollars, 

2024-35.5 billion dollars.

Diamonds:

2020-19.2 billion dollars,

2024-25.9 billion dollars.

Parts of office machines:

2020-20.6 billion dollars, 

2024-22.9 billion dollars.

Jewellery:

2020-15.9 billion dollars,  

2024-20.6 billion dollars.

Computers:

2020-13.3 billion dollars, 

2024-14.6 billion dollars.

Printed circuits:

2020-9.8 billion dollars,

2024-11.3 billion dollars.

Computer hardware:

2020-9.5 billion dollars, 

2024-10.4 billion dollars.

Liquid crystal devices/LCD:

2020-5.6 billion dollars, 

2024-6.4 billion dollars.

Important conclusion:

Best results can be found in products having larger absolute difference between 2020's value and prospects by 2024. It will create the space to earn additional export.

Such three imports are Smart cards; electronic integrated circuits; LED lamps, Mobiles, and Mobile parts.

Note: All the values are in an US dollar. Prices may vary as per the market demand and dollar value fluctuation. 2020's average export value can be equivalent to or lower than export values recorded in other trade databases. The average value is the essence of the reliable reports of the last five years. Six digit HS code was used for the above outlook.

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Research source:

International Trade Center.

World Trade Organisation Trade Forecast.

Gross Domestic Product/GDP.

Research access duration December 2020.

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