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Hong Kong

Hong Kong ranked No. 21 in total trade value through October with a total of $37.07 billion. Exports totaled $31.51 billion and Imports totaled $5.57 billion, a surplus of $25.94 billion.

January – October 2018

Top Trading Ports

Total Trade: $37.07 billion

RankPortTotal YTD
1John F. Kennedy International Airport $10,858,038,631
2Los Angeles International Airport $5,449,430,534
3Anchorage International Airport, Alaska $3,249,851,045
4Port of Los Angeles $2,227,601,308
5Chicago O’Hare International Airport $1,744,469,944
6Port of New Orleans $1,716,895,383
7San Francisco International Airport, Calif. $1,599,050,272
8Port of Long Beach $1,273,604,547
9Cleveland’s Hopkins International Airport, Ohio $982,505,128
10Dallas-Fort Worth International Airport, Texas $774,883,363

U.S. trade with Hong Kong rose to $37.07 billion through October

Hong Kong’s trade with the United States rose to $37.07 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 6.38 percent below its total trade during the same time period last year. Hong Kong’s exports decreased 4.89 percent while imports fell 14 percent. The U.S. surplus with Hong Kong was $25.94 billion.

Through October, 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 Los Angeles; and No. 5 Chicago O’Hare International Airport. 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 Port of New Orleans. In the current time period, the top five accounted for 63.47 percent of Hong Kong’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport fell 14.7 percent to $10.86 billion.
    Exports fell 8.73 percent to $8.9 billion. Imports fell 34.26 percent to $1.96 billion.
  • Trade with No. 2 Los Angeles International Airport fell 23.25 percent to $5.45 billion.
    Exports fell 24.87 percent to $5.02 billion. Imports rose 2.82 percent to $426.25 million.
  • Trade with No. 3 Anchorage International Airport, Alaska rose 21.42 percent to $3.25 billion.
    Exports rose 14.07 percent to $2.81 billion. Imports rose 104.57 percent to $444.84 million.
  • Trade with No. 4 Port of Los Angeles fell 13.25 percent to $2.23 billion.
    Exports fell 11.55 percent to $1.7 billion. Imports fell 18.29 percent to $529.19 million.
  • Trade with No. 5 Chicago O’Hare International Airport rose 14.17 percent to $1.74 billion.
    Exports rose 12.09 percent to $1.56 billion. Imports rose 36.03 percent to $180.6 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 $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Hong Kong by value through October were the categories of Cell phones, related equipment; Computer chips; Diamonds, not mounted; Jewelry, parts; and Gold, respectively. They accounted for 44.4 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; Cell phones, related equipment; Jewelry, parts; Diamonds, not mounted; and Precious stones –– accounted for 55.1 percent of all inbound shipments.

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

  • Cell phones, related equipment rose 3.65 percent compared to last year to $3.59 billion.
  • Computer chips fell 12.86 percent compared to last year to $3.12 billion.
  • Diamonds, not mounted fell 2.99 percent compared to last year to $2.88 billion.
  • Jewelry, parts fell 16.51 percent compared to last year to $2.3 billion.
  • Gold fell 41.37 percent compared to last year to $2.1 billion.

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

  • Value added to a returned import fell 6.88 percent compared to last year to $2.1 billion.
  • Cell phones, related equipment rose 82.51 percent compared to last year to $283.52 million.
  • Jewelry, parts fell 40.12 percent compared to last year to $281.6 million.
  • Diamonds, not mounted fell 68.76 percent compared to last year to $236.08 million.
  • Precious stones fell 30.93 percent compared to last year to $165.83 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.