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U.S.-Hong Kong Trade Facts
U.S. goods and services trade with Hong Kong totaled an estimated $61.2 billion in 2016. Exports were $45.0 billion; imports were $16.1 billion. The U.S. goods and services trade surplus with Hong Kong was $28.9 billion in 2016.
Hong Kong is currently our 20th largest goods trading partner with $42.3 billion in total (two way) goods trade during 2016. Goods exports totaled $34.9 billion; goods imports totaled $7.4 billion. The U.S. goods trade surplus with Hong Kong was $27.5 billion in 2016.
Trade in services with Hong Kong (exports and imports) totaled an estimated $18.9 billion in 2016. Services exports were $10.1 billion; services imports were $8.7 billion. The U.S. services trade surplus with Hong Kong was $1.4 billion in 2016.
According to the Department of Commerce, U.S. exports of Goods and Services to Hong Kong supported an estimated 188 thousand jobs in 2015 (latest data available) (125 thousand supported by goods exports and 63 thousand supported by services exports).
- Hong Kong was the United States' 9th largest goods export market in 2016.
- U.S. goods exports to Hong Kong in 2016 were $34.9 billion, down 6.1% ($2.3 billion) from 2015 but up 96.8% from 2006. U.S. exports to Hong Kong account for 2.4% of overall U.S. exports in 2015.
- The top export categories (2-digit HS) in 2016 were: electrical machinery ($10 billion), precious metal and stone (diamonds, gold) ($9.2 billion), machinery ($1.7 billion), optical and medical instruments ($1.5 billion), and edible fruit & nuts (pistachios, almonds) ($1.5 billion).
- U.S. exports of agricultural products to Hong Kong totaled $3.9 billion in 2016, our 6th largest agricultural export market. Leading categories include: tree nuts ($1.2 billion), beef & beef products ($684 million), poultry meat & prods. (ex. eggs) ($427 million), pork & pork products ($360 million), and fresh fruit ($281 million).
- U.S. exports of services to Hong Kong were an estimated $10.1 billion in 2016, 2.8% ($279 million) more than 2015, and 115% greater than 2006 levels. Leading services exports from the U.S. to Hong Kong, in 2015, were in the intellectual property (trademarks), transport, and financial services sectors.
- Hong Kong was the United States' 35th largest supplier of goods imports in 2016.
- U.S. goods imports from Hong Kong totaled $7.4 billion in 2016, up 8.7% ($591 million) from 2015, but down 7.1% from 2006.
- The top import categories (2-digit HS) in 2016 were: precious metal and stone (diamonds) ($2.6 billion), special other (returns) ($1.9 billion), electrical machinery ($879 million), machinery ($253 million), and plastics ($145 million).
- U.S. imports of agricultural products from Hong Kong totaled $100 million in 2016. Leading categories include: snack foods ($14 million), fresh vegetables ($13 million), processed fruit & vegetables ($4 million), tea, incl herb ($3 million), and planting seeds ($2 million).
- U.S. imports of services from Hong Kong were an estimated $8.7 billion in 2016, 0.4% ($32 million) less than 2015, but 34.8% greater than 2006 levels. Leading services imports from Hong Kong to the U.S., in 2015, were in the transport, financial services, and travel sectors.
- The U.S. goods trade surplus with Hong Kong was $27.5 billion in 2016, a 9.4% decrease ($2.8 billion) over 2015.
- The United States has a services trade surplus of an estimated $1.4 billion with Hong Kong in 2016, up 29.0% from 2015.
- U.S. foreign direct investment (FDI) in Hong Kong (stock) was $64.0 billion in 2015 (latest data available), a 5.9% increase from 2014. U.S. direct investment in Hong Kong is led by nonbank holding companies, wholesale trade, and information.
- Hong Kong's FDI in the United States (stock) was $11.1 billion in 2015 (latest data available), up 5.5% from 2014. Hong Kong's direct investment in the U.S. is led by wholesale trade, manufacturing, and depository institutions.
- Sales of services in Hong Kong by majority U.S.-owned affiliates were $34.3 billion in 2014 (latest data available), while sales of services in the United States by majority Hong Kong-owned firms were $4.5 billion.