Hong Kong is a small place, so even heavy usage of telecommunications within Hong Kong would not be sufficient to create a substantial market for components and
equipment, yet in 1995 Hong Kong exports of telecommunication were around US$4 billion, or 8 per cent of Hong Kong’s total electronics industry exports. This is not small, and has the potential to be much larger. Cordless and mobile telephone handsets are the largest item on the list as the following table makes clear. But wired telecoms equipment also represents a substantial export volume and revenue.