What is the value of US trade with Hong Kong?
Updated Apr. 29, 2026Refreshed annually
$21.4 billion in imports and $51.7 billion in exports in 2025. That means that the US exported $30.3 billion more to Hong Kong than we imported from it. Benefits of trade can include higher wages and job growth, a wider variety of products available at lower prices, increased productivity, and more efficient resource allocation.
$21.4B
Value of imports from Hong Kong to the US (2025)
$51.7B
Value of exports from the US to Hong Kong (2025)
Exports are goods and services the US sells to other countries. Imports are goods and services the US buys from other countries. Combining the value of imports and exports shows us how much trade happens between the US and other countries.
The Bureau of Economic Analysis (BEA) provides data for 71 of the US' trading partners (though not necessarily the top 71 trading partners). The partners they track accounted for 94.2% of total trade with the US in 2025.
How high is Hong Kong ranked as a US trade partner?
BEA data ranks Hong Kong as the US’ 23rd top trading partner: In 2025, the US traded $73.1 billion in goods and services with Hong Kong. Countries with similar trade values include Spain ($74.4B) and Bermuda ($71.6B).
In 2025, the US traded $73.1 billion in goods and services with Hong Kong.
Total trade value (imports + exports) with the US (2025), by select countries
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Another way to look at international trade is through trade balance. A nation that imports more than it exports, has a trade deficit. One that exports more than it imports has a trade surplus. Neither is inherently good or bad; trade balance is just a metric that shows the relationship between imports and exports.
What is the trade balance with Hong Kong?
The US has had a trade surplus with Hong Kong every year from 1999 through 2025. The 2025 surplus was $30.27 billion, an increase from 2024's surplus of $22.54 billion.
The trade surplus with Hong Kong increased to $30.3B in 2025.
Annual trade balance with Hong Kong, not adjusted for inflation
What does the US import from Hong Kong?
In 2025, 74.5% of imports from Hong Kong to the US were services. The largest category was transport (transactions associated with moving people and property from one location to another, like passenger flights and ocean cargo shipping), accounting for $5.36 billion. The top three imports were transport, business services (like R&D, consulting, and tech services), and financial services (services normally provided by banks and other financial institutions). These categories accounted for $11.9 billion of total imports.
The other 25.4% were goods, with nonmonetary gold (gold purchased by individuals or businesses as investments or gold used in manufacturing processes, like for jewelry) being the largest goods category. Nonmonetary gold accounted for $2.09 billion.
Transport made up 25% of US imports from Hong Kong in 2025.
US imports from Hong Kong by category (2025)
What does the US export to Hong Kong?
In 2025, more US exports to Hong Kong were goods — 66.6%. The largest export was consumer goods (goods and services purchased by individuals for personal use, like clothing and cellphones), which accounted for a value of $12.8 billion. The top three exports were consumer goods, capital goods (tools used for the production process, like machinery and equipment), and nonmonetary gold. These categories accounted for $27.8 billion of exports to Hong Kong.
The other 33.4% were services, with use of intellectual property being the largest service category. Use of intellectual property accounted for $4.14 billion.
Consumer goods made up 24.8% of US exports to Hong Kong in 2025.
US exports to Hong Kong by category (2025)
Value of imports and exports, by category (2025)
| 1. | Transport | $5.36 billion |
| 2. | Business services | $3.39 billion |
| 3. | Financial services | $3.11 billion |
| 4. | Nonmonetary gold | $2.09 billion |
| 5. | Other merchandise | $1.97 billion |
| 6. | Other services | $1.94 billion |
| 7. | Travel | $1.34 billion |
| 8. | Consumer goods | $648 million |
| 9. | Telecommunications and information services | $572 million |
| 10. | Industrial supplies and materials | $461 million |
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
Page sources
USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.
