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Hong Kong

Hong Kong ranked No. 21 in total trade value through September with a total of $27.13 billion. Exports totaled $23.7 billion and Imports totaled $3.43 billion, a surplus of $20.27 billion.

January – September 2019

Top Trading Ports

Total Trade: $27.13 billion

RankPortTotal YTD
1John F. Kennedy International Airport $7,115,428,478
2Los Angeles International Airport $4,110,871,371
3Anchorage International Airport, Alaska $2,471,482,235
4Port of New Orleans $1,930,235,915
5Port of Los Angeles $1,412,491,039
6San Francisco International Airport, Calif. $1,356,120,320
7Chicago O’Hare International Airport $1,061,552,300
8Cleveland’s Hopkins International Airport, Ohio $1,017,346,076
9Port of Long Beach $992,876,423
10Dallas-Fort Worth International Airport, Texas $584,684,987

U.S. trade with Hong Kong rose to $27.13 billion through September

Hong Kong’s trade with the United States rose to $27.13 billion through the first nine months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 19.16 percent below its total trade during the same time period last year. U.S. exports to Hong Kong decreased 16.91 percent while U.S. imports from Hong Kong fell 31.89 percent. The U.S. surplus with Hong Kong was $20.27 billion.

Through September, 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 62.8 percent of Hong Kong’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport fell 28.16 percent to $7.12 billion.
    Exports fell 30.3 percent to $5.67 billion. Imports fell 18.25 percent to $1.44 billion.
  • Trade with No. 2 Los Angeles International Airport fell 18.21 percent to $4.11 billion.
    Exports fell 17.42 percent to $3.82 billion. Imports fell 27.37 percent to $288.77 million.
  • Trade with No. 3 Anchorage International Airport, Alaska fell 16.44 percent to $2.47 billion.
    Exports fell 8.81 percent to $2.34 billion. Imports fell 65.82 percent to $135.27 million.
  • Trade with No. 4 Port of New Orleans rose 29.33 percent to $1.93 billion.
    Exports rose 32.76 percent to $1.77 billion. Imports rose 1.16 percent to $164.09 million.
  • Trade with No. 5 Port of Los Angeles fell 28.11 percent to $1.41 billion.
    Exports fell 23.72 percent to $1.13 billion. Imports fell 41.4 percent to $286.03 million.

Hong Kong ranked No. 21 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 20.

Meanwhile, total U.S. trade with the world increased to $3.11 trillion, down 0.58 percent compared to the same period last year. The nation’s exports dropped 1.01 percent to $1.23 trillion; imports dropped 0.3 percent to $1.88 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 $647.62 billion, up compared to the same period of last year when the deficit was $640.85 billion.

The top five U.S. exports to Hong Kong by value through September were the categories of Cell phones, related equipment; Computer chips; Diamonds, not mounted; Jewelry, parts; and Civilian aircraft, parts, respectively. They accounted for 45.84 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 65.69 percent of all inbound shipments.

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

  • Cell phones, related equipment rose 2.78 percent compared to last year to $3.27 billion.
  • Computer chips fell 12.89 percent compared to last year to $2.47 billion.
  • Diamonds, not mounted fell 9.09 percent compared to last year to $2.47 billion.
  • Jewelry, parts fell 27.81 percent compared to last year to $1.57 billion.
  • Civilian aircraft, parts fell 7.29 percent compared to last year to $1.07 billion.

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

  • Value added to a returned import fell 19.16 percent compared to last year to $1.52 billion.
  • Diamonds, not mounted rose 19.31 percent compared to last year to $272.48 million.
  • Jewelry, parts fell 23.55 percent compared to last year to $188.62 million.
  • Cell phones, related equipment fell 42.22 percent compared to last year to $148.78 million.
  • Precious stones fell 13.73 percent compared to last year to $127.24 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.

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