According to Odili, many vendors in Shenzhen’s Huaqiangbei District export mining equipment globally via Hong Kong. In Hong Kong, buying and selling mining machines is legal, and some companies specialize in the business. One vendor revealed that demand for mining machines in mainland China is low, leading to the majority of these machines being exported. To mitigate the risk, transactions and deliveries are done in Hong Kong, which is conveniently close to Shenzhen.
Mining equipment can be transported to Hong Kong within a day using cross-border trucks. Hong Kong’s extensive network of international flights facilitates the rapid air freight of mining machinery around the world. For larger quantities where time is not a critical factor, sea freight is used, offering significantly lower logistics costs. This strategic and logistical advantage makes Hong Kong a preferred hub for the export of mining equipment worldwide.
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