•Hong Kong’s electronics industry is the largest merchandise export earner of the territory, accounting for 56% of Hong Kong’s total exports in 2010. According to the latest available statistics, Hong Kong was the world’s largest exporter of telephone sets and sound recording apparatus; and the second largest exporter of calculators, computer parts/accessories and video recording/reproducing apparatus in 2009.
•Hong Kong’s electronics exports rose by 13% during January-July 2011. Exports of parts and components to the Chinese mainland, the largest export market of Hong Kong, continued to increase on the back of expansion in outward processing production. Electronics exports to the EU and the US also performed steadily, thanks to sustained consumer demand for electronic products.
•Mobile computer devices with wireless connectivity, in particular the tablets, are well received in the market. Sales of mobile phones with advanced features, particularly the smart phones, are rising rapidly. Large-screen TVs with 3D effect and Internet surfing functions are also among the industry foci for further development.
Hong Kong’s electronics industry is the largest merchandise export earner of the territory, accounting for 56% of Hong Kong’s total exports in 2010. According to the latest available statistics, Hong Kong was the world’s largest exporter of telephone sets and sound recording apparatus; the second largest exporter of calculators, computer parts/accessories and video recording/reproducing apparatus (including DVD recorders/players); and the world’s third largest exporter of radios and video cameras/recorders (including digital cameras) in value terms in 2009.
Finished goods constitute about one quarter of Hong Kong’s electronics exports, of which the majority are consumer electronics for domestic use. The largest category is audio-visual (AV) equipment, consisting of radios and optical discs players, hi-fi equipment, TV sets, MP3/MP4 players, etc. Moreover, Hong Kong exports a variety of computer products, such as desk-top/notebook computers, routers, monitors and optical disk drives, as well as telecommunications products like corded and cordless telephones and mobile phones. Other items with smaller export value include calculators, electronic dictionaries and USB memory devices.
Parts and components constitute about three quarters of Hong Kong’s electronics exports, of which the majority are re-exported to the Chinese mainland for outward processing production. Meanwhile, Hong Kong produces and exports a variety of parts and accessories for telecommunications items, AV equipment, office machines and computers, as well as components like resistors, capacitors, inductors, crystals, resonators, speakers, printed circuit boards (PCBs) and transformers.
Most Hong Kong manufacturers have relocated their production facilities to the Chinese mainland, where various production processes like PCB assembly, plastics injection moulding and sheet metal working are carried out. Their Hong Kong offices focus mainly on product design and development, industrial engineering, management, logistic support and marketing, etc. In the wake of the relocation, most of such companies have been re-classified as non-manufacturing establishments, despite the fact that they have manufacturing activities across the boundary.
The success of Hong Kong’s electronics industry lies in efficient management. Against the fast changing markets, Hong Kong companies emphasise quick response to ensure effective marketing services to their customers, and to monitor the changing product trends. Many Hong Kong companies have further strengthened their quality assurance and environmental management systems, and are accredited with ISO 9000 - an internationally recognised standard for quality management system, and ISO 14000 - a standard for environmental management system.
Hong Kong’s electronics exports rose by 13% during January-July 2011, after surging by 28% in 2010. Exports of IT equipment, telecommunications equipment and semiconductor items grew by different degrees in the first seven months of 2011, while exports of AV equipment declined by 4%.
Exports to the Chinese mainland, which accounted for nearly two-thirds of the total electronics exports, grew by 14% during January-July 2011. Exports of electronic parts and components, the major items of Hong Kong’s electronics exports to the mainland, continued to rise on the back of expansion of mainland’s outward processing production.
Meanwhile, electronics exports to the EU and the US were both steady, thanks to sustained consumer demand for electronic products. Elsewhere in Asia, exports to ASEAN, which constituted mainly of parts and components, grew by 18% in the first seven months of 2011, on the back of continued expansion of export production in the region. But exports to Japan were sluggish in the period.
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