Machinery and transport equipment in Hong Kong
Hong Kong: Machinery and transport equipment was 27.7% in 2023. ◆ Volatile
Machinery and transport equipment in Hong Kong, 1973–2023
Source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO). Measured in % of value added in manufacturing.
Analysis
In 2023, machinery and transport equipment in Hong Kong stood at 27.7%.
That represents a change of down 78.6% on the previous year and down 77.6% over ten years.
Over the whole period, machinery and transport equipment in Hong Kong peaked at 140.8% in 2020 and was at its lowest, 4.4%, in 1977.
That places Hong Kong 24th out of 149 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Machinery and transport equipment in Hong Kong, year by year
| Year | % of value added in manufacturing | Change |
|---|---|---|
| 1973 | 4.9% | — |
| 1974 | 5.7% | +16.8% |
| 1975 | 5.2% | -8.9% |
| 1976 | 4.9% | -5.5% |
| 1977 | 4.4% | -9.9% |
| 1978 | 4.5% | +2.5% |
| 1979 | 4.7% | +2.4% |
| 1980 | 5.0% | +6.4% |
| 1981 | 5.5% | +11.3% |
| 1982 | 6.0% | +9.1% |
| 1983 | 6.2% | +3.0% |
| 1984 | 6.3% | +1.9% |
| 1985 | 6.0% | -5.4% |
| 1986 | 5.7% | -4.3% |
| 1987 | 6.0% | +4.6% |
| 1988 | 7.7% | +29.5% |
| 1989 | 8.2% | +6.4% |
| 1990 | 11.7% | +42.3% |
| 1991 | 11.6% | -1.2% |
| 1992 | 12.0% | +3.5% |
| 1993 | 11.6% | -2.9% |
| 1994 | 11.9% | +2.2% |
| 1995 | 13.6% | +14.6% |
| 1996 | 13.2% | -3.5% |
| 1997 | 13.9% | +5.6% |
| 1998 | 15.1% | +8.7% |
| 1999 | 12.4% | -17.7% |
| 2000 | 11.7% | -5.9% |
| 2001 | 9.8% | -16.6% |
| 2002 | 10.0% | +2.9% |
| 2003 | 10.6% | +5.3% |
| 2004 | 21.8% | +106.5% |
| 2005 | 25.0% | +14.3% |
| 2006 | 28.5% | +14.0% |
| 2007 | 135.6% | +376.4% |
| 2008 | 137.1% | +1.1% |
| 2009 | 128.0% | -6.6% |
| 2010 | 123.3% | -3.6% |
| 2011 | 124.9% | +1.3% |
| 2012 | 128.0% | +2.5% |
| 2013 | 123.9% | -3.2% |
| 2014 | 132.1% | +6.7% |
| 2015 | 133.0% | +0.6% |
| 2016 | 130.6% | -1.8% |
| 2017 | 130.6% | -0.0% |
| 2018 | 129.8% | -0.6% |
| 2019 | 126.5% | -2.6% |
| 2020 | 140.8% | +11.3% |
| 2021 | 132.2% | -6.1% |
| 2022 | 129.3% | -2.2% |
| 2023 | 27.7% | -78.6% |
Hong Kong compared with similar countries
- Hong Kong's 27.7% is above the median for high income countries, which is 20.4%, 1.4× the median. (56 countries reporting)
- Hong Kong's 27.7% is above the median for East Asia & Pacific, which is 22.0%, 1.3× the median. (18 countries reporting)
Biggest year-on-year movements
Years where Machinery and transport equipment in Hong Kong changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2007 | +376.4% | 28.5% | 135.6% |
| 2004 | +106.5% | 10.6% | 21.8% |
| 2023 | -78.6% | 129.3% | 27.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.9% | 4.4% | 5.7% | 7 |
| 1980s | 6.3% | 5.0% | 8.2% | 10 |
| 1990s | 12.7% | 11.6% | 15.1% | 10 |
| 2000s | 51.8% | 9.8% | 137.1% | 10 |
| 2010s | 128.3% | 123.3% | 133.0% | 10 |
| 2020s | 107.5% | 27.7% | 140.8% | 4 |
Countries ranked near Hong Kong
More economy & growth data for Hong Kong
- Foreign direct investment, net outflows (BoP, current US$), gaps 80.54 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.1972 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 10,704 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 125.82 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 3.14 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.3081 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 16,722 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 0.3594 % change on previous year (2023)
- Total reserves (includes gold, current US$), per unit of GDP 1.12 includes gold, current US$ per US$ of GDP (2023)
- Total reserves (includes gold, current US$), per capita 56,469 includes gold, current US$ per person (2023)
Frequently asked questions
- What is machinery and transport equipment in Hong Kong?
- Machinery and transport equipment in Hong Kong was 27.7% in 2023, according to International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO).
- What is the highest machinery and transport equipment recorded in Hong Kong?
- The highest recorded value was 140.8% in 2020.
- What is the lowest machinery and transport equipment recorded in Hong Kong?
- The lowest recorded value was 4.4% in 1977.
- How does Hong Kong rank for machinery and transport equipment?
- Hong Kong ranks 24th out of 149 countries with data for 2023.
- Is machinery and transport equipment rising or falling in Hong Kong?
- Over the last ten years it is down 77.6%. The long-run trend across the full record is volatile.
- Where does this Hong Kong data come from?
- The figures come from International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO), published as part of Machinery and transport equipment (% of value added in manufacturing). Statizoid updates them automatically from the source API.
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About this data
Machinery and transport equipment manufacturing includes industries classified in ISIC (Rev. 3) divisions 29-35. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of value added in manufacturing which is the contribution to the economy by the manufacturing sector (ISIC Rev. 3 major division D).