# China, Hong Kong Special Administrative Region HS 851981 exports | Yugalinks Explore reported HS 851981 exports from China, Hong Kong Special Administrative Region: destinations, growth, concentration, prices, and history. ## Exporter position | Measure | Value | | --- | --- | | Exporter | China, Hong Kong Special Administrative Region | | HS6 | 851981 | | Latest exports | $38.4M | | Active destinations | 104 | | Three-year growth | +2.1% | | Destination HHI | 609 | | Weighted share | 4.3% | ## Destination markets - USA, Puerto Rico and US Virgin Islands: $5.4M; share 0.7%; growth +2.4% - Japan: $3.3M; share 4.6%; growth +12.5% - United Kingdom: $3.1M; share 3.1%; growth +10.8% - China: $3.0M; share 4.4%; growth +36.5% - Germany: $2.9M; share 1.7%; growth -7.8% - Netherlands: $2.5M; share 3.4%; growth +19.2% ## Price intelligence - Highest reported market price: Ecuador at $10.2M / ton. - Lowest reported market price: Colombia at $15.5 / ton. - Median reported price: $40.6K / ton. - Price spread: 25,144.7%. ## Export history - 2010: $189.0M - 2011: $155.6M - 2012: $108.7M - 2013: $79.2M - 2014: $60.0M - 2015: $47.8M - 2016: $51.0M - 2017: $41.0M - 2018: $42.7M - 2019: $35.4M - 2020: $30.7M - 2021: $35.5M - 2022: $24.2M - 2023: $27.5M - 2024: $37.8M ## Methods Reported exporter totals are combined with destination, price, history, and country-context observations. Growth, concentration, weighted share, volatility, drawdown, and price-position values are calculated indicators rather than additional reported trade. Missing values are shown as Not reported and are not imputed. ## Complete structured values ```json { "template": "T3", "templateName": "Product Exporter Position Profile", "source": "api", "publisher": { "name": "Yugalinks", "url": "https://www.yugalinks.com" }, "canonical": "https://www.yugalinks.com/trade/exporter/hkg/851981", "links": { "product": "https://www.yugalinks.com/trade/product/851981", "exporter": "https://www.yugalinks.com/trade/exporter/hkg/851981", "methodology": "https://www.yugalinks.com/methodology" }, "methodology": { "summary": "Reported exporter totals are combined with destination, price, history, and country-context observations. Growth, concentration, weighted share, volatility, drawdown, and price-position values are calculated indicators rather than additional reported trade.", "reportedValues": "Merchandise trade observations for an exporter, HS6 product, destination market, and available year.", "destinations": "Destination rows are ranked by latest observed exporter-lane value.", "prices": "Unit values are reported trade value divided by reported quantity where quantity is positive.", "missingData": "Missing values are shown as Not reported and are not imputed." }, "exporter": { "hs_code": "851981", "exporter_iso3": "HKG", "first_data_year": 1995, "latest_data_year": 2024, "observed_lane_count": 197, "current_lane_count": 104, "active_market_count": 104, "exports_latest_observed_lanes_usd": 38367933.7475297, "exports_current_2024_usd": 37824563.941490754, "exports_avg_3y_usd": 29856438.452764865, "exports_avg_5y_usd": 31155355.148619127, "exports_avg_10y_usd": 37366398.60920867, "exports_cagr_3y_pct": 2.1255910849814263, "exports_cagr_5y_pct": 1.3134691457324044, "exports_cagr_10y_pct": -4.5030262318991765, "exports_all_year_lane_avg_usd": 215454188.26267055, "exports_historical_lane_peak_usd": 950410414.7672625, "historical_peak_year": 2005, "positive_growth_year_share_pct": 34.48275862068966, "trend_acceleration_pct": 6.628617316880603, "trend_label": "Stable", "top_market_iso3": "USA", "top_market_exports_usd": 5351360.364721159, "top_market_share_pct": 13.947481248102667, "destination_hhi": 608.5389503666385, "weighted_share_latest_pct": 4.314906216833163, "weighted_share_change_1y_pp": 1.2205071064571666, "weighted_volatility_cv": 1.1575101285703373, "weighted_max_drawdown_pct": 98.07094570002225, "limited_history_lane_share_pct": 10.65989847715736, "data_freshness_years": 0, "coverage_score": 100, "confidence_label": "High", "refreshed_at": "2026-07-20 09:28:54", "source": "api", "product": { "hs_code": 851981, "hs_description": "Sound recording or reproducing apparatus: using magnetic, optical or semiconductor media, n.e.c. in item no 8519.20, 8519.30 or 8519.50", "hs_chapter": 85, "hs_heading": 8519, "substitution_elasticity": -2.3415401, "price_range_label": null, "trade_type_label": null }, "hs_description": "Sound recording or reproducing apparatus: using magnetic, optical or semiconductor media, n.e.c. in item no 8519.20, 8519.30 or 8519.50", "hs_chapter": 85, "hs_heading": 8519, "destinations": [ { "hs_code": 851981, "corridor_rank": 56, "exporter_iso3": "HKG", "importer_iso3": "USA", "latest_data_year": 2024, "lane_data_years": 30, "exports_latest_observed_usd": 5351360.364721159, "exports_all_year_avg_usd": 42085930.146630436, "exports_avg_3y_usd": 4453716.488262688, "exports_avg_5y_usd": 4341659.894989455, "exports_avg_10y_usd": 7181797.60198036, "exports_cagr_3y_pct": 2.352223763879735, "exports_cagr_5y_pct": 3.778127584263302, "exports_cagr_10y_pct": -7.433782624410479, "exports_historical_peak_usd": 167026024.06645024, "buyer_imports_latest_observed_usd": 821962186.356657, "historical_peak_year": 2006, "positive_growth_year_share_pct": 34.48275862068966, "trend_acceleration_pct": 9.786006388290215, "trend_label": "Stable", "buyer_yoy_latest_pct": 9.0838, "buyer_yoy_all_avg_pct": -0.7134, "buyer_trend_consistency_pct": 48.2759, "market_share_latest_pct": 0.6510470254648859, "market_share_change_1y_pp": 0.22899486669469227, "peer_best_share_pct": 75.24398487324243, "peer_top_exporter": "CHN", "supplier_count_latest": 67, "buyer_market_hhi": 5863.03, "distance_km": 12969.5830078125, "has_reported_fta": 0, "applied_tariff_pct": 0.0467447546369697, "tariff_advantage_pp": null, "volatility_cv": 1.1414830527388085, "max_drawdown_pct": 98.09597129258653, "attention_level": "High attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": "['high_volatility','unrecovered_drawdown','concentrated_buyer_market','dominant_supplier','long_distance_without_fta']", "signal_flag": "Slowing", "confidence_label": "High", "refreshed_at": "2026-07-20 09:30:25" }, { "hs_code": 851981, "corridor_rank": 72, "exporter_iso3": "HKG", "importer_iso3": "JPN", "latest_data_year": 2024, "lane_data_years": 30, "exports_latest_observed_usd": 3277458.330064312, "exports_all_year_avg_usd": 11560214.66987517, "exports_avg_3y_usd": 2308727.7763565495, "exports_avg_5y_usd": 2329135.500435398, "exports_avg_10y_usd": 2810710.3337183394, "exports_cagr_3y_pct": 12.463776087576385, "exports_cagr_5y_pct": 9.009882458756424, "exports_cagr_10y_pct": 5.240223119044063, "exports_historical_peak_usd": 43395019.9311936, "buyer_imports_latest_observed_usd": 71054439.09417854, "historical_peak_year": 2005, "positive_growth_year_share_pct": 48.275862068965516, "trend_acceleration_pct": 7.223552968532322, "trend_label": "Rapid growth", "buyer_yoy_latest_pct": -22.6364, "buyer_yoy_all_avg_pct": -1.9759, "buyer_trend_consistency_pct": 31.0345, "market_share_latest_pct": 4.612601790748403, "market_share_change_1y_pp": 2.5326398644835315, "peer_best_share_pct": 77.70571294773356, "peer_top_exporter": "CHN", "supplier_count_latest": 31, "buyer_market_hhi": 6121.41, "distance_km": 2891.224609375, "has_reported_fta": 0, "applied_tariff_pct": 0.019192582961135757, "tariff_advantage_pp": 0.025107009371248493, "volatility_cv": 0.9909209383739089, "max_drawdown_pct": 95.99404009534031, "attention_level": "High attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": "['unrecovered_drawdown','declining_buyer_demand','concentrated_buyer_market','dominant_supplier','buyer_macro_weakness']", "signal_flag": "Slowing", "confidence_label": "High", "refreshed_at": "2026-07-20 09:30:25" }, { "hs_code": 851981, "corridor_rank": 75, "exporter_iso3": "HKG", "importer_iso3": "GBR", "latest_data_year": 2024, "lane_data_years": 30, "exports_latest_observed_usd": 3053873.1913603246, "exports_all_year_avg_usd": 21451083.895033073, "exports_avg_3y_usd": 1831837.2403636482, "exports_avg_5y_usd": 2260728.3204015223, "exports_avg_10y_usd": 4020434.0229170667, "exports_cagr_3y_pct": 10.848114461840797, "exports_cagr_5y_pct": -16.00523980377152, "exports_cagr_10y_pct": -6.858946548909506, "exports_historical_peak_usd": 63092201.262861244, "buyer_imports_latest_observed_usd": 98352708.94033799, "historical_peak_year": 2005, "positive_growth_year_share_pct": 41.37931034482759, "trend_acceleration_pct": 17.7070610107503, "trend_label": "Rapid growth", "buyer_yoy_latest_pct": -10.0954, "buyer_yoy_all_avg_pct": 9.4701, "buyer_trend_consistency_pct": 41.3793, "market_share_latest_pct": 3.105021940181478, "market_share_change_1y_pp": 1.7291911183327902, "peer_best_share_pct": 60.76900301918715, "peer_top_exporter": "CHN", "supplier_count_latest": 61, "buyer_market_hhi": 3958.37, "distance_km": 9638.4189453125, "has_reported_fta": 0, "applied_tariff_pct": null, "tariff_advantage_pp": null, "volatility_cv": 0.9408835673433724, "max_drawdown_pct": 98.51562456247456, "attention_level": "High attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": "['unrecovered_drawdown','concentrated_buyer_market','dominant_supplier','long_distance_without_fta']", "signal_flag": "Slowing", "confidence_label": "High", "refreshed_at": "2026-07-20 09:30:25" }, { "hs_code": 851981, "corridor_rank": 76, "exporter_iso3": "HKG", "importer_iso3": "CHN", "latest_data_year": 2024, "lane_data_years": 30, "exports_latest_observed_usd": 3014206.771366336, "exports_all_year_avg_usd": 18554213.0390895, "exports_avg_3y_usd": 1947392.7847784, "exports_avg_5y_usd": 1771567.8270539925, "exports_avg_10y_usd": 2569961.7437664955, "exports_cagr_3y_pct": 36.4810727614016, "exports_cagr_5y_pct": 2.7034535516825775, "exports_cagr_10y_pct": -10.153934596359026, "exports_historical_peak_usd": 84951344.86330265, "buyer_imports_latest_observed_usd": 68224157.15027013, "historical_peak_year": 2007, "positive_growth_year_share_pct": 37.93103448275862, "trend_acceleration_pct": 46.63500735776063, "trend_label": "Rapid growth", "buyer_yoy_latest_pct": 26.2038, "buyer_yoy_all_avg_pct": 7.4412, "buyer_trend_consistency_pct": 37.931, "market_share_latest_pct": 4.4180930879472236, "market_share_change_1y_pp": 2.616225831984558, "peer_best_share_pct": 38.73498676822551, "peer_top_exporter": "VNM", "supplier_count_latest": 37, "buyer_market_hhi": 3081.23, "distance_km": 1976.2490234375, "has_reported_fta": 1, "applied_tariff_pct": 0.29436133136606063, "tariff_advantage_pp": 0.2922161241204, "volatility_cv": 1.1218449674231146, "max_drawdown_pct": 98.85338333169796, "attention_level": "High attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": "['high_volatility','unrecovered_drawdown','concentrated_buyer_market']", "signal_flag": "Slowing", "confidence_label": "High", "refreshed_at": "2026-07-20 09:30:25" }, { "hs_code": 851981, "corridor_rank": 79, "exporter_iso3": "HKG", "importer_iso3": "DEU", "latest_data_year": 2024, "lane_data_years": 30, "exports_latest_observed_usd": 2900433.659271813, "exports_all_year_avg_usd": 16122485.75580576, "exports_avg_3y_usd": 2107256.2660670946, "exports_avg_5y_usd": 2706265.9562460547, "exports_avg_10y_usd": 2756837.8687978094, "exports_cagr_3y_pct": -7.803385687981046, "exports_cagr_5y_pct": 4.509084687846321, "exports_cagr_10y_pct": -3.2272335136655617, "exports_historical_peak_usd": 85677040.08099921, "buyer_imports_latest_observed_usd": 172785886.89620245, "historical_peak_year": 2005, "positive_growth_year_share_pct": 48.275862068965516, "trend_acceleration_pct": -4.576152174315484, "trend_label": "Declining", "buyer_yoy_latest_pct": 13.4313, "buyer_yoy_all_avg_pct": -2.53, "buyer_trend_consistency_pct": 44.8276, "market_share_latest_pct": 1.6786287997087341, "market_share_change_1y_pp": 0.4070374184379326, "peer_best_share_pct": 60.36483393162333, "peer_top_exporter": "CHN", "supplier_count_latest": 66, "buyer_market_hhi": 3860.12, "distance_km": 9209.7021484375, "has_reported_fta": 0, "applied_tariff_pct": 0.02122928309421811, "tariff_advantage_pp": 0.03889597413723507, "volatility_cv": 1.201384970800004, "max_drawdown_pct": 98.2674875555049, "attention_level": "High attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": "['high_volatility','unrecovered_drawdown','concentrated_buyer_market','dominant_supplier','long_distance_without_fta']", "signal_flag": "Slowing", "confidence_label": "High", "refreshed_at": "2026-07-20 09:30:25" }, { "hs_code": 851981, "corridor_rank": 89, "exporter_iso3": "HKG", "importer_iso3": "NLD", "latest_data_year": 2024, "lane_data_years": 30, "exports_latest_observed_usd": 2537160.1238556607, "exports_all_year_avg_usd": 21881010.161042072, "exports_avg_3y_usd": 1854682.456331412, "exports_avg_5y_usd": 1641792.0567181634, "exports_avg_10y_usd": 2474897.7826944427, "exports_cagr_3y_pct": 19.209021157518215, "exports_cagr_5y_pct": 3.396260726211997, "exports_cagr_10y_pct": -11.36715276345608, "exports_historical_peak_usd": 74658402.43563135, "buyer_imports_latest_observed_usd": 73632299.1219616, "historical_peak_year": 2005, "positive_growth_year_share_pct": 44.827586206896555, "trend_acceleration_pct": 30.576173920974295, "trend_label": "Rapid growth", "buyer_yoy_latest_pct": 5.9088, "buyer_yoy_all_avg_pct": 3.0439, "buyer_trend_consistency_pct": 37.931, "market_share_latest_pct": 3.4457162877030503, "market_share_change_1y_pp": 1.0687028591602075, "peer_best_share_pct": 68.3460619734011, "peer_top_exporter": "CHN", "supplier_count_latest": 52, "buyer_market_hhi": 4874.61, "distance_km": 9290.6708984375, "has_reported_fta": 0, "applied_tariff_pct": 0.021459679842030305, "tariff_advantage_pp": 0.03948345883733584, "volatility_cv": 0.946692442948845, "max_drawdown_pct": 98.46336410906136, "attention_level": "High attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": "['unrecovered_drawdown','concentrated_buyer_market','dominant_supplier','long_distance_without_fta']", "signal_flag": "Slowing", "confidence_label": "High", "refreshed_at": "2026-07-20 09:30:25" } ], "priceSummary": { "exporter_iso3": "HKG", "hs_code": 851981, "num_markets": 132, "highest_price_importer_iso3": "ECU", "highest_price_usd_per_ton": 10199333.333333334, "lowest_price_importer_iso3": "COL", "lowest_price_usd_per_ton": 15.496125968507872, "median_price_across_markets": 40562.5, "price_spread_pct": 25144.697287414154, "avg_quantity_metric_tons": 13.02424844720497, "total_trade_value_usd": 168501797 }, "history": [ { "year": 2010, "export_value_usd": 189012080.02728033, "active_destinations": 144, "yoy_growth_pct": -27.888022382771783 }, { "year": 2011, "export_value_usd": 155613337.69725525, "active_destinations": 139, "yoy_growth_pct": -17.670162841022965 }, { "year": 2012, "export_value_usd": 108701699.87018897, "active_destinations": 134, "yoy_growth_pct": -30.146283423553694 }, { "year": 2013, "export_value_usd": 79235842.90088433, "active_destinations": 127, "yoy_growth_pct": -27.10708020619054 }, { "year": 2014, "export_value_usd": 59962238.40944096, "active_destinations": 132, "yoy_growth_pct": -24.32435093238374 }, { "year": 2015, "export_value_usd": 47815744.85979365, "active_destinations": 117, "yoy_growth_pct": -20.25690479849542 }, { "year": 2016, "export_value_usd": 50982900.887444355, "active_destinations": 110, "yoy_growth_pct": 6.623667657876102 }, { "year": 2017, "export_value_usd": 40969580.00583413, "active_destinations": 106, "yoy_growth_pct": -19.64054753125321 }, { "year": 2018, "export_value_usd": 42683530.94718117, "active_destinations": 106, "yoy_growth_pct": 4.18347208124411 }, { "year": 2019, "export_value_usd": 35435453.64873784, "active_destinations": 105, "yoy_growth_pct": -16.980969328457107 }, { "year": 2020, "export_value_usd": 30695865.266811576, "active_destinations": 111, "yoy_growth_pct": -13.375272203111987 }, { "year": 2021, "export_value_usd": 35511595.11798946, "active_destinations": 103, "yoy_growth_pct": 15.68852941371442 }, { "year": 2022, "export_value_usd": 24234811.340229034, "active_destinations": 95, "yoy_growth_pct": -31.755216121079936 }, { "year": 2023, "export_value_usd": 27509940.07657478, "active_destinations": 98, "yoy_growth_pct": 13.514149915865586 }, { "year": 2024, "export_value_usd": 37824563.941490754, "active_destinations": 104, "yoy_growth_pct": 37.4941706023528 } ], "economy": { "year": 2024, "country_iso3": "HKG", "exports_usd": 153218814639.72852, "imports_usd": 417846014907.37115, "trade_balance_usd": -264627200267.64264, "yoy_exports_growth_pct": 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