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

About

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.

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.

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

Company data: In 2023, leading companies such as Cloud Network Technology (1.2k), Panasonic (659), and John Deere (460) were at the forefront of exporting goods from Hong Kong to the United States. Conversely, Other (3.14k), Unknown (346), and Philpack/del Monte (321) were notable for importing products to Hong Kong from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $2.31B and imported $326M from Hong Kong, resulting in a positive trade balance of $1.99B. Between November 2023 and November 2024 the exports of United States have increased by $151M (7%) from $2.16B to $2.31B, while imports increased by $42.1M (14.8%) from $284M to $326M.

Trade In November 2024, the top exports of United States to Hong Kong were Telephones ($249M), Integrated Circuits ($171M), Diamonds ($137M), Jewellery ($75.9M), and Computers ($69M). In November 2024 the top imports of United States from Hong Kong were Commodities not elsewhere specified ($94.2M), Jewellery ($40.3M), Telephones ($13.7M), Diamonds ($9.31M), and Precious Stones ($6.79M).

Origins In November 2024 the exports of United States were mainly from California ($455M), New York ($389M), Texas ($271M), Tennessee ($190M), and Georgia ($106M), while imports destinations were mainly New York ($156M), California ($37.7M), Florida ($31.4M), Texas ($16.1M), and Georgia ($9.78M).

Growth In November 2024, the increase in United States's year-by-year exports to Hong Kong was explained primarily by an increase in product exports in Diamonds ($32M or 30.6%), Computers ($25.1M or 57.2%), and Paintings ($14.1M or 50.8%). In November 2024, the increase in United States's year-by-year imports  from Hong Kong was explained primarily by an increase in product imports  in Diamonds ($6.44M or 224%), Precious Stones ($5.21M or 330%), and Commodities not elsewhere specified ($4.72M or 5.28%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$151M(7%)
IMPORT GROWTH (November 2023 - November 2024)$42.1M(14.8%)
MAIN EXPORTER (November 2024)California$455M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Hong Kong and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Hong Kong and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $26.1B in 2023.

In 2018, 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 2023 to $2.87B in 2018.

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

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

Market Competitiveness

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

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

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

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

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

Comparative Advantage United States - Hong Kong

Flow
Scale

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

During 2023, 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).

During 2018, Hong Kong had a large net trade with United States in the exports of Precious Metals ($1.12B), Machines ($847M), and Instruments ($205M).

Potential Exports

Potential Exports

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

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 United States and Hong Kong. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Hong Kong. Similarly, a dot/product with the flag of Hong Kong indicates it has a comparative advantage over United States.

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

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