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Hong Kong

Hong Kong ranked No. 21 in total trade value through February with a total of $6.02 billion. Exports totaled $5.43 billion and Imports totaled $589.21 million, a surplus of $4.84 billion.

January – February 2019

Top Trading Ports

Total Trade: $6.02 billion

RankPortTotal YTD
1John F. Kennedy International Airport $1,716,770,195
2Los Angeles International Airport $978,695,114
3Anchorage International Airport, Alaska $611,272,614
4Port of New Orleans $446,725,071
5San Francisco International Airport, Calif. $280,976,962
6Port of Los Angeles $276,226,603
7Port of Long Beach $234,265,891
8Chicago O’Hare International Airport $189,941,631
9Cleveland’s Hopkins International Airport, Ohio $178,742,247
10Dallas-Fort Worth International Airport, Texas $135,588,246

U.S. trade with Hong Kong rose to $6.02 billion through February

Hong Kong’s trade with the United States rose to $6.02 billion through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 23.84 percent below its total trade during the same time period last year. Hong Kong’s exports decreased 21.85 percent while imports fell 38.33 percent. The U.S. surplus with Hong Kong was $4.84 billion.

Through February, 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 San Francisco International Airport, Calif.. 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 67.04 percent of Hong Kong’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport fell 39.87 percent to $1.72 billion.
    Exports fell 39.39 percent to $1.58 billion. Imports fell 44.95 percent to $135.85 million.
  • Trade with No. 2 Los Angeles International Airport fell 23.2 percent to $978.7 million.
    Exports fell 22.76 percent to $932.31 million. Imports fell 31.03 percent to $46.38 million.
  • Trade with No. 3 Anchorage International Airport, Alaska rose 20 percent to $611.27 million.
    Exports rose 27.23 percent to $578.66 million. Imports fell 40.23 percent to $32.62 million.
  • Trade with No. 4 Port of New Orleans rose 45.82 percent to $446.73 million.
    Exports rose 51.6 percent to $415.43 million. Imports fell 3.17 percent to $31.3 million.
  • Trade with No. 5 San Francisco International Airport, Calif. rose 5.6 percent to $280.98 million.
    Exports fell 0.37 percent to $241.92 million. Imports rose 67.86 percent to $39.05 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 $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Hong Kong by value through February were the categories of Diamonds, not mounted; Cell phones, related equipment; Computer chips; Jewelry, parts; and Precious stones, respectively. They accounted for 54.44 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 51.88 percent of all inbound shipments.

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

  • Diamonds, not mounted rose 5.53 percent compared to last year to $832.16 million.
  • Cell phones, related equipment rose 22.89 percent compared to last year to $799.85 million.
  • Computer chips fell 0.69 percent compared to last year to $537.93 million.
  • Jewelry, parts fell 24.56 percent compared to last year to $521.93 million.
  • Precious stones fell 10.94 percent compared to last year to $263.53 million.

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

  • Value added to a returned import fell 23.66 percent compared to last year to $188.31 million.
  • Cell phones, related equipment rose 3.87 percent compared to last year to $36.97 million.
  • Jewelry, parts fell 49.42 percent compared to last year to $33.09 million.
  • Diamonds, not mounted fell 22.19 percent compared to last year to $30.04 million.
  • Precious stones fell 14.9 percent compared to last year to $17.25 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.