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Hong Kong

Hong Kong FlagU.S.-Hong Kong Trade Facts

U.S. goods and services trade with Hong Kong totaled an estimated $62.1 billion in 2015. Exports were $47.2 billion; imports were $15.0 billion. The U.S. goods and services trade surplus with Hong Kong was $32.2 billion in 2015.

Hong Kong is currently our 20th largest goods trading partner with $44 billion in total (two way) goods trade during 2015. Goods exports totaled $37 billion; goods imports totaled $6.7 billion. The U.S. goods trade surplus with Hong Kong was $30 billion in 2015.

Trade in services with Hong Kong (exports and imports) totaled an estimated $18.2 billion in 2015. Services exports were $10.0 billion; services imports were $8.3 billion. The U.S. services trade surplus with Hong Kong was $1.7 billion in 2015.

According to the Department of Commerce, U.S. exports of goods and services to Hong Kong supported an estimated 209 thousand jobs in 2014 (latest data available) (145 thousand supported by goods exports and 64 thousand supported by services exports).

Exports

  • Hong Kong was the United States' 9th largest goods export market in 2015.
     
  • U.S. goods exports to Hong Kong in 2015 were $37 billion, down 9.0% ($3.7 billion) from 2014 but up 127% from 2005.  U.S. exports to Hong Kong account for 2.5% of overall U.S. exports in 2015.
     
  • The top export categories (2-digit HS) in 2015 were: precious metal and stone (gold, diamonds, jewelry) ($11 billion), electrical machinery ($9.5 billion), aircraft ($2.0 billion), machinery ($1.9 billion), and art and antiques ($1.7 billion).
     
  • U.S. exports of agricultural products to Hong Kong totaled $3.6 billion in 2015, our 6th largest agricultural export market. Leading categories include: tree nuts ($847 million), beef & beef products ($800 million), poultry ($409 million), fresh fruit ($288 million), and pork & pork products ($273 million).
     
  • U.S. exports of services to Hong Kong were an estimated $10.0 billion in 2015, 0.4% ($38 million) less than 2014, but 158% greater than 2005 levels.  Based on 2014, leading services exports from the U.S. to Hong Kong were in the intellectual property (industrial processes), transportation, and financial services sectors.

Imports

  • Hong Kong was the United States' 37th largest supplier of goods imports in 2015.
     
  • U.S. goods imports from Hong Kong totaled $6.7 billion in 2015, up 14% ($834 million) from 2014, but down 25% from 2005. 
     
  • The top import categories (2-digit HS) in 2015 were: special other (returns) ($2.1 billion), precious metal and stone (diamonds) ($1.8 billion), electrical machinery ($879 million), machinery ($243 million), and plastics ($144 million).
     
  • U.S. imports of agricultural products from Hong Kong totaled $98 million in 2015. Leading categories include: snack foods ($14 million), fresh vegetables ($9 million), planting seeds ($4 million), processed fruit & vegetables ($4 million), and tea, incl herb ($3 million).
     
  • U.S. imports of services from Hong Kong were an estimated $8.3 billion in 2015, 8.3% ($636 million) more than 2014, and 61.4% greater than 2005 levels.  Based on 2014, leading services imports from Hong Kong to the U.S. were in the transportation, travel, and professional and management services sectors

Trade Balance

  • The U.S. goods trade surplus with Hong Kong was $30 billion in 2015, a 12.9% decrease ($4.5 billion) over 2014.
     
  • The United States has a services trade surplus of an estimated $1.7 billion with Hong Kong in 2015, down 28.2% from 2014.
     

Investment

  • U.S. foreign direct investment (FDI) in Hong Kong (stock) was $66.2 billion in 2014 (latest data available), a 10.4% increase from 2013. U.S. direct investment in Hong Kong is led by wholesale trade, nonbank holding companies, and finance/insurance.
     
  • Hong Kong's FDI in the United States (stock) was $7.6 billion in 2014 (latest data available), up 6.6% from 2013. 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 $33.8 billion in 2013 (latest data available), while sales of services in the United States by majority Hong Kong-owned firms were $4.2 billion.