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Hong Kong

Hong Kong ranked No. 21 in total trade value through March with a total of $9.3 billion. Exports totaled $8.21 billion and Imports totaled $1.09 billion, a surplus of $7.12 billion.

U.S. trade with Hong Kong rose to $9.3 billion through March

Hong Kong’s trade with the United States rose to $9.3 billion through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 23.71 percent below its total trade during the same time period last year. Hong Kong’s exports decreased 23.34 percent while imports fell 26.37 percent. The U.S. surplus with Hong Kong was $7.12 billion.

Through March, 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 Chicago O’Hare International Airport. In the current time period, the top five accounted for 65.79 percent of Hong Kong’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport fell 35.6 percent to $2.62 billion.
    Exports fell 40.13 percent to $2.19 billion. Imports rose 4.17 percent to $433.89 million.
  • Trade with No. 2 Los Angeles International Airport fell 21 percent to $1.47 billion.
    Exports fell 20.89 percent to $1.39 billion. Imports fell 22.77 percent to $86.54 million.
  • Trade with No. 3 Anchorage International Airport, Alaska fell 4.03 percent to $911.16 million.
    Exports rose 2.59 percent to $865.77 million. Imports fell 56.99 percent to $45.4 million.
  • Trade with No. 4 Port of New Orleans rose 35.77 percent to $647.93 million.
    Exports rose 40.46 percent to $598.77 million. Imports fell 3.45 percent to $49.16 million.
  • Trade with No. 5 San Francisco International Airport, Calif. rose 4.92 percent to $463.16 million.
    Exports rose 0.92 percent to $409.9 million. Imports rose 50.92 percent to $53.26 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. 19.

Meanwhile, total U.S. trade with the world increased to $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 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 $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.

The top five U.S. exports to Hong Kong by value through March were the categories of Cell phones, related equipment; Diamonds, not mounted; Computer chips; Jewelry, parts; and Paintings, drawings and other artwork, respectively. They accounted for 48.72 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 64.56 percent of all inbound shipments.

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

  • Cell phones, related equipment rose 11.56 percent compared to last year to $1.19 billion.
  • Diamonds, not mounted rose 2.96 percent compared to last year to $970.3 million.
  • Computer chips fell 1.39 percent compared to last year to $854.93 million.
  • Jewelry, parts fell 36.67 percent compared to last year to $619.05 million.
  • Paintings, drawings and other artwork fell 40.43 percent compared to last year to $368.01 million.

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

  • Value added to a returned import fell 20.44 percent compared to last year to $364.44 million.
  • Diamonds, not mounted rose 248.92 percent compared to last year to $171.9 million.
  • Jewelry, parts fell 35.23 percent compared to last year to $56.98 million.
  • Cell phones, related equipment fell 26.08 percent compared to last year to $55.46 million.
  • Precious stones rose 73.09 percent compared to last year to $54.69 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.