Hong Kong Trade & Investment Summary
U.S. goods and services trade with Hong Kong totaled an estimated $56.2 billion in 2022. Exports were $38.9 billion; imports were $17.3 billion. The U.S. goods and services trade surplus with Hong Kong was $21.6 billion in 2022.
U.S. goods exports to Hong Kong in 2022 were $25.8 billion, down 13.6 percent ($4.1 billion) from 2021 and down 31 percent from 2012. U.S. goods imports from Hong Kong totaled $4.7 billion in 2022, up 10.7 percent ($451 million) from 2021, but down 14 percent from 2012. U.S. exports to Hong Kong account for 1.3 percent of overall U.S. exports in 2022. The U.S. goods trade surplus with Hong Kong was $21.1 billion in 2022, a 17.6 percent decrease ($4.5 billion) over 2021.
U.S. exports of services to Hong Kong were an estimated $13.1 billion in 2022, 6.1 percent ($844 million) less than 2021, but 98 percent greater than 2012 levels. U.S. imports of services from Hong Kong were an estimated $12.6 billion in 2022, 5.8 percent ($697 million) more than 2021, and 60 percent greater than 2012 levels. Leading services exports from the U.S. to Hong Kong were in the intellectual property, financial services, and professional and management services sectors. The United States had a services trade surplus of an estimated $437 million with Hong Kong in 2022, down 77.9 percent from 2021.
U.S. foreign direct investment (FDI) in Hong Kong (stock) was $89.4 billion in 2022, a 3.3 percent decrease from 2021. U.S. direct investment in Hong Kong is led by nonbank holding companies, finance and insurance, and wholesale trade.
Hong Kong's FDI in the United States (stock) was $14.2 billion in 2022, down 0.2 percent from 2021. Hong Kong's direct investment in the U.S. is led by wholesale trade, manufacturing, and professional, scientific, and technical services.