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2023
Flag → Flag
Exports $2.87BRnk 10 / 198
2023
Flag → Flag
Top Product $661MJewellery
2023
Flag → Flag
Exports $26.1BRnk 19 / 220
2023
Flag → Flag
Top Product $3.92BBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
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Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC $50,532CURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195
2023
Flag
GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Hong Kong-United States Trade: In 2023, Hong Kong exported $2.87B to United States. The main products that Hong Kong exported to United States were Jewellery ($661M), Diamonds ($235M), and Gas Turbines ($185M). Over the past 5 years the exports of Hong Kong to United States have decreased at an annualized rate of 7.26%, from $4.19B in 2018 to $2.87B in 2023.

In 2023, Hong Kong did not export any services to United States.

United States-Hong Kong Trade: In 2023, United States exported $26.1B to Hong Kong. The main products that United States exported to Hong Kong were Broadcasting Equipment ($3.92B), Integrated Circuits ($3.21B), and Diamonds ($2.35B). Over the past 5 years the exports of United States to Hong Kong have decreased at an annualized rate of 3.95%,  from $31.9B in 2018 to $26.1B in 2023.

In 2017, United States exported services to Hong Kong worth $13.1B, with Financial services ($3.6B), Royalties and license fees ($3.49B), and Transportation ($2.31B) being the largest in terms of value.

Comparison: In 2023,  Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hong Kong exported $2.87B to United States. The main products exported from Hong Kong to United States were Jewellery ($661M), Diamonds ($235M), and Gas Turbines ($185M). During the last 5 years the exports of Hong Kong to United States have decreased at an annualized rate of 7.26%, from $4.19B in 2018 to $2.87B in 2023.

In 2018, United States exported $26.1B to Hong Kong. The main products exported from United States to Hong Kong were Broadcasting Equipment ($3.92B), Integrated Circuits ($3.21B), and Diamonds ($2.35B). During the last 5 years the exports of United States to Hong Kong have decreased at an annualized rate of 3.95%, from $31.9B in 2023 to $26.1B in 2018.

Exports from Hong Kong (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Hong Kong (Flag) (2023)

Latest Data

Trade between Hong Kong (Flag) and United States (Flag)

Hong Kong Exports

United States Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$25.3B
United States
Top DestinationCanada$269B

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 2023, countries that imported more from Hong Kong than United States included Vietnam ($14.4B), Russia ($2.65B), and Macau ($2.15B).

In 2023, countries that imported more from United States than Hong Kong included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Hong Kong (Flag) (2023)

Comparative Advantage Hong Kong - United States

Flow
Scale

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

During 2023, Hong Kong had a large net trade with United States in the exports of Precious Metals ($1.12B), Machines ($847M), and Instruments ($205M).

During 2018, United States had a large net trade with Hong Kong in the exports of Machines ($12.3B), Precious Metals ($5.47B), and Arts and Antiques ($2.07B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong United States+$350MTelephones
Top Product Potential United States Hong Kong+$641MIntegrated Circuits

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Hong Kong and United States. This means that a dot/product with the flag of Hong Kong indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over Hong Kong.

Product Space of Hong Kong (Flag) and United States (Flag) (2023)

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