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2022
Flag → Flag
Exports $24.9BRnk 19 / 219
2022
Flag → Flag
Top Product $4.16BBroadcasting Equipment
2022
Flag → Flag
Exports $3.87BRnk 5 / 198
2022
Flag → Flag
Top Product $694MJewellery
2022
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Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
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Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
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GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
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 GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
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GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
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GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
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GDP PC$48,984CURRENT US$
Rnk 20 / 186
2012-2022
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GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186

About

United States-Hong Kong Trade: In 2022, United States exported $24.9B to Hong Kong. The main products that United States exported to Hong Kong were Broadcasting Equipment ($4.16B), Integrated Circuits ($3.35B), and Diamonds ($1.88B). Over the past 5 years the exports of United States to Hong Kong have decreased at an annualized rate of 7.56%, from $36.9B in 2017 to $24.9B in 2022.

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 2022, Hong Kong exported $3.87B to United States. The main products that Hong Kong exported to United States were Jewellery ($694M), Broadcasting Equipment ($248M), and Other Precious Metal Products ($238M). Over the past 5 years the exports of Hong Kong to United States have decreased at an annualized rate of 6.27%,  from $5.35B in 2017 to $3.87B in 2022.

In 2022, Hong Kong did not export any services to United States.

Comparison: In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

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

August, 2024

About

Overview In August 2024, United States exported $1.88B and imported $259M from Hong Kong, resulting in a positive trade balance of $1.62B. Between August 2023 and August 2024 the exports of United States have decreased by $-421M (-18.3%) from $2.3B to $1.88B, while imports decreased by $-86.1M (-25%) from $345M to $259M.

Trade In August 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 August 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 August 2024 the exports of United States were mainly from California ($415M), New York ($344M), Texas ($247M), Georgia ($86.1M), and Tennessee ($78.4M), while imports destinations were mainly New York ($86.9M), California ($46.9M), Florida ($18.2M), Texas ($15.7M), and Illinois ($14.8M).

Growth In August 2024, the decrease in United States's year-by-year exports to Hong Kong was explained primarily by an decrease in product exports in Gold ($-237M or -99.1%), Telephones ($-137M or -35.5%), and Integrated Circuits ($-60.5M or -26.2%). In August 2024, the decrease in United States's year-by-year imports  from Hong Kong was explained primarily by an decrease in product imports  in Jewellery ($-22.9M or -36.3%), Laboratory Reagents ($-20.7M or -91.4%), and Other Electrical Machinery ($-19.1M or -96.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-421M(-18.3%)
IMPORT GROWTH (August 2023 - August 2024)$-86.1M(-25%)
MAIN EXPORTER (August 2024)California$415M

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 2022, United States exported $24.9B to Hong Kong. The main products exported from United States to Hong Kong were Broadcasting Equipment ($4.16B), Integrated Circuits ($3.35B), and Diamonds ($1.88B). During the last 5 years the exports of United States to Hong Kong have decreased at an annualized rate of 7.56%, from $36.9B in 2017 to $24.9B in 2022.

In 2017, Hong Kong exported $3.87B to United States. The main products exported from Hong Kong to United States were Jewellery ($694M), Broadcasting Equipment ($248M), and Other Precious Metal Products ($238M). During the last 5 years the exports of Hong Kong to United States have decreased at an annualized rate of 6.27%, from $5.35B in 2022 to $3.87B in 2017.

Exports from United States (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Hong Kong
Top DestinationChina$23.4B

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 2022, countries that imported more from United States than Hong Kong included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Hong Kong than United States included Macau ($2.73B), Russia ($2.38B), and Cambodia ($877M).

Difference in imports from Hong Kong (Flag) and United States (Flag) (2022)

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 2022, United States had a large net trade with Hong Kong in the exports of Machines ($12.4B), Precious Metals ($4.68B), and Arts and Antiques ($1.43B).

During 2017, Hong Kong had a large net trade with United States in the exports of Precious Metals ($1.36B), Machines ($1.14B), and Plastics and Rubbers ($283M).

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) (2022)

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