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Trade between Hong Kong and the United States

In 2024, Hong Kong exported $4.1 billion to the United States and imported $26.9 billion. Hong Kong ran a deficit of $22.8 billion with the United States, compared with a deficit of $24.5 billion in 2019. The United States was Hong Kong’s 8th largest trading partner (4% of its trade), and Hong Kong was the United States’ 28th (0.6%).

Summary

Hong Kong → United States
$4.1billion
United States → Hong Kong
$26.9billion
Hong Kong’s balance
-$22.8billion

Balance

Hong Kong’s trade balance with the United States

Trade between Hong Kong and the United States grew 13% since 1995

USD billions (current). Hong Kong’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 4.1
  • Imports 26.9
  • Balance -22.8

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$11.9 billion$15.6 billion-$3.8 billion
1996$10.7 billion$15.8 billion-$5.1 billion
1997$11 billion$16.8 billion-$5.7 billion
1998$12.4 billion$14 billion-$1.6 billion
1999$11.5 billion$12.7 billion-$1.3 billion
2000$11.7 billion$14.9 billion-$3.2 billion
2001$10.9 billion$14 billion-$3.2 billion
2002$9.5 billion$12.3 billion-$2.8 billion
2003$9.3 billion$13.5 billion-$4.2 billion
2004$10 billion$15 billion-$5 billion
2005$10.9 billion$15.9 billion-$5 billion
2006$10.1 billion$16.7 billion-$6.7 billion
2007$9.3 billion$18.4 billion-$9.1 billion
2008$6.7 billion$20.1 billion-$13.4 billion
2009$3.4 billion$19.1 billion-$15.7 billion
2010$4.2 billion$23.9 billion-$19.6 billion
2011$4.5 billion$32.3 billion-$27.8 billion
2012$3.7 billion$33.5 billion-$29.8 billion
2013$3.5 billion$37.2 billion-$33.8 billion
2014$5.3 billion$35.4 billion-$30.1 billion
2015$6.8 billion$30.9 billion-$24.1 billion
2016$7.6 billion$28.6 billion-$21 billion
2017$5.3 billion$31.6 billion-$26.3 billion
2018$4.2 billion$31.6 billion-$27.4 billion
2019$3 billion$27.6 billion-$24.5 billion
2020$4.1 billion$22.6 billion-$18.5 billion
2021$2.9 billion$29.5 billion-$26.7 billion
2022$3.8 billion$27.7 billion-$23.9 billion
2023$2.9 billion$26.2 billion-$23.3 billion
2024$4.1 billion$26.9 billion-$22.8 billion

What they sell each other

What Hong Kong sells to the United States

The top 10 headings in 2024, with their share of the total.

  1. Other precious metal articles$1.1 billion · 28.3%
    14 tonnes
  2. Jewelry$695 million · 17.1%
    21 tonnes · Hong Kong’s destinations
  3. Turbojets and gas turbines$295 million · 7.3%
    391 tonnes · Hong Kong’s destinations
  4. Diamonds$205 million · 5.1%
    Hong Kong’s destinations
  5. Cameras and broadcast equipment$175 million · 4.3%
    387 tonnes
  6. Gemstones$154 million · 3.8%
    13 tonnes
  7. Gold$88 million · 2.2%
    1 tonne · Hong Kong’s destinations
  8. Toys$81 million · 2%
    5 thousand tonnes · the United States’ sources
  9. Parts for broadcast equipment$81 million · 2%
    1 thousand tonnes
  10. Mounted lenses and objectives$45 million · 1.1%
    50 tonnes

What the United States sells to Hong Kong

The top 10 headings in 2024, with their share of the total.

  1. Cameras and broadcast equipment$4.4 billion · 16.5%
    6 thousand tonnes
  2. Microchips$3.2 billion · 12%
    1 thousand tonnes · the United States’ destinations
  3. Diamonds$2.1 billion · 7.8%
    the United States’ destinations
  4. Jewelry$1.8 billion · 6.8%
    16 tonnes · the United States’ destinations
  5. Turbojets and gas turbines$1.7 billion · 6.3%
    618 tonnes · the United States’ destinations
  6. Paintings and drawings$1.6 billion · 5.9%
    1 thousand tonnes
  7. Computer and office machine parts$957 million · 3.6%
    3 thousand tonnes
  8. Computers$746 million · 2.8%
    2 thousand tonnes · the United States’ destinations
  9. Gemstones$652 million · 2.4%
    13 tonnes
  10. Gold$608 million · 2.3%
    10 tonnes · the United States’ destinations

How it travels

Hong Kong and the United States traded $30.9 billion in 2024 (both directions together). They trade mostly by air: 85% of the value travels by plane.

Split by transport mode

  1. Sea$4.6 billion · 14.7%
  2. Air$26.4 billion · 85.3%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

The United States was Hong Kong’s 8th largest trading partner (4% of its trade), and Hong Kong was the United States’ 28th (0.6%).

The United States in Hong Kong’s trade
3.7%
The United States’ rank among Hong Kong’s partners
8th
Hong Kong in the United States’ trade
0.6%
Hong Kong’s rank among the United States’ partners
28th

Compare with

Other partners of Hong Kong

Other partners of the United States

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.