Electronics Industry Export Data in Hong Kong

In 2021, Hong Kong’s total exports of electronics products increased by 27.7%, with the main export markets being mainland China, the European Union, ASEAN, and the United States. With the continuous recovery of the global economy and the increasing trade activities in the region, Hong Kong’s exports of electronics products to mainland China also increased significantly by 28.6%. Hong Kong’s local exports of electronics products have been on the rise from 2020 to May 2022. The export market is mainly divided into mainland China, accounting for 61%. The rest includes the European Union, accounting for 7.1%, including the Netherlands and Germany, followed by Vietnam, accounting for 7.5%.

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Electronics Industry  and CEPA

Since the implementation of the third phase of the Closer Economic Partnership Arrangement (CEPA) in January 2006, all products from Hong Kong can be imported into mainland China duty-free.

In December 2018, the mainland and Hong Kong signed the Goods Trade Agreement, which further optimized the arrangements for rules of origin. Starting from January 1, 2019, all products from Hong Kong can enjoy zero-tariff imports into mainland China. Based on the existing “product-specific rules of origin,” the two sides introduced general rules of origin, based on the value added in Hong Kong. As long as the product meets the “general rules,” products without “product-specific rules of origin” can also be imported into mainland China immediately with zero tariffs.

The CEPA rules of origin include: (1) changes in tariff classification; (2) specific manufacturing or processing operations carried out in Hong Kong; or (3) compliance with the regional value content standard, which calculates the proportion of offshore price (FOB) consisting of raw materials, component parts, labor costs, and product development costs generated in Hong Kong, which accounts for at least 30% of the product price using the cumulation method or the non-originating materials accounting for no more than 60% using the subtraction method.

For specific rules of origin for electronic products and other detailed information, please refer to the following webpage:

Product-Specific Rules of Origin

Summary of the Goods Trade Agreement

<H2>Restrictions and Considerations for Importing and Exporting in the Electronics Industry<H2>

• Export Controls: Some countries impose export controls on certain electronics products, including restrictions on exports to specific countries or regions, or the requirement to obtain the corresponding export licenses. This may affect the export of electronics products.
• Import Tariffs: Many countries levy import tariffs on electronics products, which increases the product’s cost. Therefore, exporters and importers should be familiar with the import tariff policies of the target market.
• Design and Standards: Different countries and regions may have different design and technical standards, which may restrict exports and imports. Exporters and importers should be aware of the design and standard requirements of the target market.
• Insurance and Liability: Electronics products may be damaged or lost during transportation. Therefore, exporters and importers should ensure appropriate insurance and liability insurance to reduce the risk of loss.
• Special Requirements: Some countries and regions have special requirements for specific electronics products, such as certification or labeling. Exporters and importers should confirm the relevant requirements of the target market to ensure that the product complies with local regulations and standards.

Important Reminder

If the shipment contains any prohibited items, fails to submit the required documents requested by the express company or local customs, or if the sender provides false or inaccurate information about the contents of the shipment, the service provider has the right to return the shipment and may impose fines, fees, or administrative fees on the sender. The amount is entirely determined by customs and related companies.

Please keep the original packaging of the product when shipping to reduce customs clearance risks.

Different countries have different import and export regulations for lithium battery products. Please strictly follow local customs regulations.

The online quotation of FreightAmigo platform does not include the cost of handling dangerous goods. For accurate quotations, please contact customer service.

FreightAmigo’s Services for the Electronics Industry:\

• Visible and Controllable Logistics Management
• One-stop Value-Added Services to Simplify Processes
• Your 24×7 Private Logistics Expert
• Automated Status Updates
• Customized Logistics Solutions

If you have questions about logistics, you are welcome to contact FreightAmigo’s customer service specialists at any time.