Observatory of Economic Complexity

Flag Hong Kong / United States Flag

Exports Flag → Flag  (2018): $4.16B, Rnk 7 / 192

Top Product Flag → Flag (2018): $346M, Jewellery

Exports Flag → Flag (2018): $33.6B, Rnk 9 / 215

Top Product Flag → Flag (2018): $4.17B, Broadcasting Equipment

Economic Complexity of Flag (2018): ECI 0.89, Rnk 32 / 137

Economic Complexity of Flag (2018): ECI 1.57, Rnk 9 / 137

GDP Flag (2018): $363B, CURRENT US$
Rnk 34 / 196

GDP GROWTH Flag (2008-2018): 65.4%, CURRENT US$
Rnk 62 / 196

GDP Flag (2018): $20.5T, CURRENT US$
Rnk 1 / 196

GDP GROWTH Flag (2008-2018): 39.6%, CURRENT US$
Rnk 99 / 196

GDP PC Flag (2018): $48,676, CURRENT US$
Rnk 17 / 196

GDP PC GROWTH Flag (2008-2018): 54.4%, CURRENT US$
Rnk 40 / 196

GDP PC Flag (2018): $62,795, CURRENT US$
Rnk 10 / 196

GDP PC GROWTH Flag (2008-2018): 29.8%, CURRENT US$
Rnk 81 / 196

About

#permalink to section

Hong Kong-United States: In 2018, Hong Kong exported $4.16B to United States. The main products that Hong Kong exported to United States are Jewellery ($346M), Broadcasting Equipment ($344M), and Diamonds ($300M). During the last 23 years the exports of Hong Kong to United States have decreased at an annualized rate of 4.06%, from $10.8B in 1995 to $4.16B in 2018.

In 2018, Hong Kong did not exported services to United States.

United States-Hong Kong: In 2018, United States exported $33.6B to Hong Kong . The main products that United States exported to Hong Kong were Broadcasting Equipment ($4.17B), Integrated Circuits ($3.74B), and Diamonds ($2.98B). During the last 23 years the exports of Hong Kong to United States have decreased at an annualized rate of 4.06%, from $10.8B in 1995 to $4.16B in 2018.

In 2011, United States exported services to Hong Kong worth $3.64B, with Transportation ($1.86B), Travel ($769M), and Royalties and license fees ($682M) being the largest in terms of value.

Comparison: In 2018,  Hong Kong ranked 32 in the Economic Complexity Index (ECI 0.89), and 34 in total exports ($127B). That same year, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T).

Product Trade

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, Hong Kong exported $4.16B to United States. The main products exported from Hong Kong to United States were Jewellery ($346M), Broadcasting Equipment ($344M), and Diamonds ($300M). During the last 23 years the exports of Hong Kong to United States have decreased at an annualized rate of 4.06%, from $10.8B in 1995 to $4.16B in 2018.

In 2018, United States exported $33.6B to Hong Kong. The main products exported from United States to Hong Kong were Broadcasting Equipment ($4.17B), Integrated Circuits ($3.74B), and Diamonds ($2.98B). During the last 23 years the exports of United States to Hong Kong have increased at an annualized rate of 3.57%, from $15B in 1995 to $33.6B in 2018.

Latest Data

#permalink to section

#permalink to section

#permalink to section

Market Competitiveness

#permalink to section
Measure

Hong Kong
Top Destination: China, $25.3B

United States
Top Destination: Mexico, $237B

This map shows whether countries import more from Hong Kong or United States. Each country is colored based on the difference in imports they receive from Hong Kong and United States or the difference in the growth in imports.

In 2018, countries that imported more from Hong Kong than United States were Macau ($6.26B), Vietnam ($10.5B), and Cambodia ($961M).

In 2018, countries that imported more from United States than Hong Kong were Mexico ($237B), Canada ($190B), and China ($119B).

Comparative Advantage Hong Kong - United States

#permalink to section
Depth

This chart compares trade between Hong Kong and United States by product, considering products traded by both, Hong Kong and United States.

During 2018, Hong Kong had a large net trade with United States in the exports of Machines ($1.49B), Precious Metals ($908M), and Miscellaneous ($293M).

During 2018, United States had a large net trade with Hong Kong in the exports of Machines ($13.7B), Precious Metals ($7.74B), and Arts and Antiques ($2.04B).

Forecasts

#permalink to section

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between ${linkedName1} and ${linkedName2}. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Service Trade

#permalink to section

Bilateral Service Trade

#permalink to section

In 2011, United States exported services to Hong Kong worth $3.64B, with Transportation ($1.86B), Travel ($769M), and Royalties and license fees ($682M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Hong Kong has comparative advantage over United States. Similarly, the more red a dot/product is, the more United States has comparative advantage over Hong Kong.

Related Profiles

Created, Designed, and Developed by:
  • Datawheel Logo
With the support of:
  • ConnectAmericas
  • INTAL

Have questions, comments, or concerns?

Send us an e-mail: [email protected]

v4.0.2 ant