Hong Kong SAR, China: Machinery and transport equipment (% of value added in manufacturing)

Key figures

What the numbers say

In 2023, Hong Kong SAR, China's machinery and transport equipment (% of value added in manufacturing) fell 101.58 percentage points on 2022 (from 129.29% to 27.71%).

Across the 30 yearly changes before that (1993 to 2022), the average change was +3.91 percentage points and a typical year strayed about 20.08 percentage points from that (the standard deviation). This year's change was 5.3 standard deviations below that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 107.11 percentage points in 2007 and the biggest yearly fall was 101.58 percentage points in 2023. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 there is no clear straight-line trend: a straight line explains 27% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2023, Hong Kong SAR, China had the 19th highest value of the 63 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Hong Kong SAR, China in the 2023 ranking

• Malta — 15th of 63: 30.86%
• Viet Nam — 16th of 63: 29.87%
• Italy — 17th of 63: 29.76%
• Norway — 19th of 63: 27.15%
• Spain — 20th of 63: 23.47%
• India — 21st of 63: 23.38%

What this measures

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).

Limitations: In establishing classifications systems compilers must define both the types of activities to be described and the units whose activities are to be reported. There are many possibilities, and the choices affect how the statistics can be interpreted and how useful they are in analyzing economic behavior. The ISIC emphasizes commonalities in the production process and is explicitly not intended to measure outputs (for which there is a newly developed Central Product Classification). Nevertheless, the ISIC views an activity as defined by "a process resulting in a homogeneous set of products."

All 51 values

Machinery and transport equipment (% of value added in manufacturing) in nearby economies

• Australia — 21.59% (2024)
• China — 24.53% (2019)
• Fiji — 2.05% (2023)
• Indonesia — 15.9% (2022)
• Japan — 47.4% (2023)
• Korea, Rep. — 42.07% (2023)
• Lao PDR — 0.92% (2017)
• Malaysia — 31.35% (2022)
• Mongolia

More economic policy & debt data for Hong Kong SAR, China

• General government final consumption expenditure (current US$) — US$53.72 billion (2025)
• General government final consumption expenditure (current LCU) — 418.83 billion (2025)
• General government final consumption expenditure (% of GDP) — 12.57% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$282.93 billion (2025)
• Households and NPISHs final consumption expenditure (current LCU) — 2.21 trillion (2025)
• Households and NPISHs final consumption expenditure (% of GDP) — 66.21% (2025)
• Final consumption expenditure (current US$) — US$336.64 billion (2025)
• Final consumption expenditure (current LCU)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Hong Kong SAR, China's machinery and transport equipment (% of value added in manufacturing)?

27.71% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1973?

It is up 22.82 percentage points from 4.89% in 1973. The highest value was 140.82% in 2020 and the lowest 4.43% in 1977.

How does Hong Kong SAR, China rank?

19th highest of 63 economies with data for 2023.

Is the latest change in machinery and transport equipment (% of value added in manufacturing) unusual for Hong Kong SAR, China?

In 2023, Hong Kong SAR, China's machinery and transport equipment (% of value added in manufacturing) fell 101.58 percentage points on 2022 (from 129.29% to 27.71%). Across the 30 yearly changes before that (1993 to 2022), the average change was +3.91 percentage points and a typical year strayed about 20.08 percentage points from that (the standard deviation). This year's change was 5.3 standard deviations below that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator NV.MNF.MTRN.ZS.UN, licensed CC BY 4.0. Original source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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