Electronic Parts/Components
Hong Kong
Overview
| x | 2004 | 2005 | 2006 |
| Total Market Size | 5770 | 1759 | 4218 |
| Total Local Production | 1785 | 1874 | 2000 |
| Total Exports | 76414 | 92888 | 104994 |
| Total Imports | 80399 | 93636 | 107212 |
| Imports from the U.S. | 4855 | 5081 | 4850 |
All figures are in US$ millions. The above statistics are unofficial estimates.
Hong Kong’s electronic parts and components imports in 2005 was USD 93 billion, a 16% increase over 2004. The value of U.S. electronic parts and components exports to Hong Kong was USD 5 billion in 2005, a 5% increase over 2004.
Best Prospects/Services
Hong Kong imports a wide range of electronic parts and components, particularly for computers, telecommunications equipment, telephone apparatus, toys, games, watches /clocks, and audio/visual equipment. The growing popularity of the Internet, mobile-commerce, digitization as well as new developments and applications in multimedia will sustain near-term demand for parts and accessories for computers and telecommunications. Best Products include integrated circuits, switches, diodes, transistors, semi-conductors, capacitors, printed circuits, and parts for computers and telecommunications equipment.
Opportunities
China’s Five-Year Plan in developing the electronic information industry and its WTO membership will sustain continuous demand for electronic parts and components. The Five-Year-Plan aims to develop (1) local computer hardware including network equipment and products, digital products, peripherals, spare parts, information security products, and applications; (2) software; (3) integrated circuits; (4) communication equipment; and (5) digital visual products. U.S. companies should be aware of the latest developments in Hong Kong’s technology and focus on Hong Kong and China’s growing demand for high-technology electronics parts and components.
Hong Kong plays an important role in U.S. exports to China due to its geographical proximity to China and its experience in China trade. In 2005, 65% of Hong Kong’s total export of electronic parts and components went to China, totaling approximately USD 60 billion. Hong Kong re-exported a substantial amount of imported electronic parts and components such as integrated circuits (ICs) and micro-assemblies to China for further production.
Resources
Major Trade Shows:
ElectronicAsia
October 13-16, 2007
Venue: Hong Kong Convention and Exhibition Center
Hong Kong Electronics Fair
October 13-16, 2007
Venue: Hong Kong Convention and Exhibition Center
Associations:
The Hong Kong Electronic Industries Association
The Hong Kong Printed Circuit Association
Surface Mount Technology Association (Hong Kong Chapter)
www.smta.org/chapters/chapters_detail.cfm?chapter_id=100
Hong Kong Electronic Packaging & Manufacturing Services Association
Hong Kong Commercial Specialist’s Contact:
Fanny Chau
Email: fanny.chau@mail.doc.gov
Tel: (852) 2521-3721; Fax: (852) 2845-9800