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Hong Kong

Hong Kong ranked No. 22 in total trade value through August with a total of $23.52 billion. Exports totaled $20.63 billion and Imports totaled $2.89 billion, a surplus of $17.74 billion.

January – August 2019

Top Trading Ports

Total Trade: $23.52 billion

RankPortTotal YTD
1John F. Kennedy International Airport $5,788,217,540
2Los Angeles International Airport $3,623,827,327
3Anchorage International Airport, Alaska $2,262,514,598
4Port of New Orleans $1,734,390,982
5Port of Los Angeles $1,254,554,756
6San Francisco International Airport, Calif. $1,189,524,616
7Port of Long Beach $913,015,517
8Chicago O’Hare International Airport $905,719,564
9Cleveland’s Hopkins International Airport, Ohio $800,846,459
10Dallas-Fort Worth International Airport, Texas $511,771,334

U.S. trade with Hong Kong rose to $23.52 billion through August

Hong Kong’s trade with the United States rose to $23.52 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 19.25 percent below its total trade during the same time period last year. U.S. exports to Hong Kong decreased 16.93 percent while U.S. imports from Hong Kong fell 32.65 percent. The U.S. surplus with Hong Kong was $17.74 billion.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Los Angeles International Airport; No. 3 Anchorage International Airport, Alaska; No. 4 Port of New Orleans; and No. 5 Port of Los Angeles. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport No. 2 Los Angeles International Airport No. 3 Anchorage International Airport, Alaska No. 4 Port of Los Angeles and No. 5 Chicago O’Hare International Airport. In the current time period, the top five accounted for 62.34 percent of Hong Kong’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport fell 29.42 percent to $5.79 billion.
    Exports fell 31.24 percent to $4.67 billion. Imports fell 20.61 percent to $1.12 billion.
  • Trade with No. 2 Los Angeles International Airport fell 15.21 percent to $3.62 billion.
    Exports fell 14.37 percent to $3.36 billion. Imports fell 24.73 percent to $262.22 million.
  • Trade with No. 3 Anchorage International Airport, Alaska fell 14.49 percent to $2.26 billion.
    Exports fell 7.6 percent to $2.14 billion. Imports fell 62.88 percent to $122.43 million.
  • Trade with No. 4 Port of New Orleans rose 29.4 percent to $1.73 billion.
    Exports rose 32.89 percent to $1.59 billion. Imports fell 0.31 percent to $140.56 million.
  • Trade with No. 5 Port of Los Angeles fell 29.06 percent to $1.25 billion.
    Exports fell 25.17 percent to $998.27 million. Imports fell 41.01 percent to $256.28 million.

Hong Kong ranked No. 22 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 21.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Hong Kong by value through August were the categories of Cell phones, related equipment; Computer chips; Diamonds, not mounted; Jewelry, parts; and Civilian aircraft, parts, respectively. They accounted for 44.95 percent of total exports to Hong Kong.

The value of the top five categories of U.S. imports from Hong Kong –– Value added to a returned import; Diamonds, not mounted; Jewelry, parts; Cell phones, related equipment; and Precious stones –– accounted for 63.37 percent of all inbound shipments.

Looking more closely at U.S. exports to Hong Kong:

  • Cell phones, related equipment rose 3.57 percent compared to last year to $2.98 billion.
  • Computer chips fell 9.4 percent compared to last year to $2.18 billion.
  • Diamonds, not mounted fell 4.57 percent compared to last year to $2.02 billion.
  • Jewelry, parts fell 22.42 percent compared to last year to $1.29 billion.
  • Civilian aircraft, parts fell 23.08 percent compared to last year to $800.72 million.

Looking more closely at U.S. imports from Hong Kong:

  • Value added to a returned import fell 23.13 percent compared to last year to $1.17 billion.
  • Diamonds, not mounted rose 31.67 percent compared to last year to $256.84 million.
  • Jewelry, parts fell 24.18 percent compared to last year to $164.91 million.
  • Cell phones, related equipment fell 42.37 percent compared to last year to $132.47 million.
  • Precious stones fell 1.19 percent compared to last year to $106.23 million.

In the latest annual figures available, Hong Kong recorded $47.58 billion in trade with the United States. At year’s end, its were New York City; Los Angeles; San Francisco; Anchorage; and New Orleans. Total U.S. exports to Hong Kong were $ 40.02 billion and imports from Hong Kong were $7.55 billion. The U.S. surplus with Hong Kong was $32.47 billion.