Hong Kong

Hong Kong FlagU.S.-Hong Kong Trade Facts

U.S. goods and services trade with Hong Kong totaled $38 billion in 2009 (latest data available for goods and services trade combined). Exports totaled $27 billion; Imports totaled $10.5 billion. The U.S. goods and services trade surplus with Hong Kong was $17 billion in 2009.

Hong Kong is currently our 25th largest goods trading partner with $30.9 billion in total (two ways) goods trade during 2010. Goods exports totaled $26.6 billion; Goods imports totaled $4.3 billion. The U.S. goods trade surplus with Hong Kong was $22.3 billion in 2010.

Trade in services with Hong Kong (exports and imports) totaled $13 billion in 2009 (latest data available for services trade). Services exports were $6.0 billion; Services imports were $6.9 billion. The U.S. services trade deficit with Hong Kong was $835 million in 2009.

Exports

Hong Kong was the United States' 12th largest goods export market in 2010.

U.S. goods exports to Hong Kong in 2010 were $26.6 billion, up 26.2% ($5.5 billion) from 2009, and up 132% from 1994 (the year prior to Uruguay Round). U.S. exports to Hong Kong account for 2.1% of overall U.S. exports in 2010.

The top export categories (2-digit HS) in 2010 were: Electrical Machinery ($6.6 billion), Precious Stones and Metals (diamonds and jewelry) ($4.9 billion), Machinery ($2.2 billion), Optic and Medical Instruments ($1.5 billion), and Aircraft ($1.4 billion).

U.S. exports of agricultural products to Hong Kong totaled $2.8 billion in 2010, the 7th largest U.S. Ag export market. Leading categories include: tree nuts ($670 million), red meats fresh/chilled/frozen ($393 million), poultry meat ($275 million), and fresh fruit ($258 million).

U.S. exports of private commercial services* (i.e., excluding military and government) to Hong Kong were $6.0 billion in 2009 (latest data available), 4.2% ($244 million) greater than 2008 and 116% greater than 1994. Other private services (business, professional, and technical services and financial services), and other transportation (port and freight services) categories accounted for most of the U.S. exports in 2009.

Imports

Hong Kong was the United States' 45th largest supplier of goods imports in 2010.

U.S. goods imports from Hong Kong totaled $4.3 billion in 2010, a 21% increase ($733 million) from 2009, but down 56% from 1994.

The five largest import categories in 20010 were: Electrical Machinery ($1.1 billion), Special Other (returns) ($943 million), Precious Stones and Metals (articles of jewelry) ($565 million), Machinery ($289 million), and Toys and Sports Equipment ($124 million).

U.S. imports of agricultural products from Hong Kong totaled $78 million in 2010. The largest category was: snack foods (including chocolate) ($10 million).

U.S. imports of private commercial services* (i.e., excluding military and government) were $6.9 billion in 2009 (latest data available), down 17.1% ($1.4 billion) from 2008, but up 246% from 1994 level. Other private services (financial services and business, professional and technical services), other transportation services (freight services) categories accounted for most of U.S. services imports from Hong Kong.

Trade Balance

The U.S. goods trade surplus with Hong Kong was $22.3 billion in 2010, a 27.4% increase ($4.8 billion) over 2009.

The United States has a services trade deficit of $835 million with Hong Kong in 2009 (latest data available).

Investment

U.S. foreign direct investment (FDI) in Hong Kong (stock) was $50.5 billion in 2009 (latest data available), a 26.1% increase from 2008.

U.S. direct investment in Hong Kong is primarily concentrated in the finance/insurance, non bankholding companies, and wholesale trade sectors.

Hong Kong FDI in the United States (stock) was $3.8 billion in 2009 (latest data available), down 3.3% from 2008.

Hong Kong direct investment in the U.S. is mostly in the manufacturing, and wholesale trade sectors.

Sales of services in Hong Kong by majority U.S.-owned affiliates were $27.1 billion in 2008 (latest data available), while sales of services in the United States by majority Hong Kong-owned firms were $4.1 billion.

*NOTE: Refers to private services trade not including U.S. military sales, direct defense expenditures, and other miscellaneous U.S. government services.