Overall Hong Kong incurred a -$58.2 billion trade deficit for 2018, a 47.6% increase from -$39.5 billion in red ink one year earlier. As defined by Investopedia, a country whose total value of all imported goods is higher than its value of all exports is said to have a negative trade balance or deficit. “According to US statistics, the US has in the past ten years earned the largest worldwide bilateral trade surplus with Hong Kong amongst her trade partners in the world, at over US$33 billion in 2018,” said a Hong Kong government spokesman. Hong Kong could lose from US-China trade deal. That's where Hong Kong comes in. America's largest trade surplus with any economy is with the port city, largely thanks to its role as an U.S. trade relations with Hong Kong are very strong. Two-way trade in goods and services totaled an estimated $68.9 billion in 2017. The United States enjoyed its largest bilateral trade surplus world-wide with Hong Kong, at $34.5 billion, as exports totaled $51.7 billion and imports were $17.2 billion. FILE - In this Aug. 6, 2019, file photo, a woman walks by a money exchange shop decorated with different countries currency banknotes at Central, a business district in Hong Kong. China's trade The current account surplus in Hong Kong jumped to HKD 74.45 billion in the third quarter of 2019 from HKD 48 billion a year earlier and equivalent to 10.3% of the GDP. It is the biggest current account surplus since a record high in the last three months of 2008, mainly due to a fall in the goods deficit. The US largest trade surplus in 2017 was with Hong Kong, totaling nearly $35 billion. Following closely behind were Brazil (surplus of $28 billion), Singapore ($20 billion), and the United Kingdom
5 Feb 2020 invoiced via Hong Kong): The US trade deficit with China plunged by For instance, the US had a trade surplus of $15 billion with Belgium 19 Nov 2004 through Hong Kong is counted), data from both PRC sources and those of its trading U.S. Exports, Imports, and Balance of Trade with China,.
19 Nov 2004 through Hong Kong is counted), data from both PRC sources and those of its trading U.S. Exports, Imports, and Balance of Trade with China,.
2019 : U.S. trade in goods with Hong Kong . NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Details may not equal totals due to rounding. Table reflects only those months for which there was trade. The United States booked a bilateral trade surplus in goods and services worth US$33.8 billion with Hong Kong last year, the Chief Secretary, Matthew Cheung Kin-chung, said today at a reception held by the United States Consulate General in Hong Kong and Macau in celebration of US Independence Day. In terms of trade in goods, the US has all along been enjoying a substantial trade surplus with Hong Kong. In 2018, the US had a surplus of US$31.1 billion in merchandise trade over Hong Kong, the single economy with which the US has the highest trade surplus. FACT 2 : HONG KONG IS AN IMPORTANT LOCATION FOR US INTERESTS. Hong Kong is ideally located in relation to the Pacific Rim and the Mainland of China (Mainland China). Hong Kong Trade Gap Narrows in April. The trade deficit in Hong Kong decreased to HKD 35.1 billion in April of 2019 from HKD 46.9 billion in the same month a year ago. Imports declined at a faster 5.5 percent to HKD 356.6 billion and exports fell 2.6 percent to HKD 321.5 billion. The current account surplus in Hong Kong jumped to HKD 74.45 billion in the third quarter of 2019 from HKD 48 billion a year earlier and equivalent to 10.3% of the GDP. It is the biggest current account surplus since a record high in the last three months of 2008, mainly due to a fall in the goods deficit.
27 Nov 2012 Figure 10: Trade Balance in Major Exports (2000-2011) U.S.-China trade transshipped through Hong Kong, the impact of such transshipping The U.S. goods and services trade surplus with Hong Kong was $33.4 billion in 2018. Hong Kong is currently our 21st largest goods trading partner with $43.6 billion in total (two way) goods trade during 2018. The U.S. trade surplus with Hong Kong is the single largest with a U.S. trading partner, with a surplus in 2017 of $32.6 billion, owing largely to Hong Kong imports of American aircraft and spacecraft, electric machinery, pearls, gold, diamonds, works of art, meat, fruit and nuts. On trade, Hong Kong has been a major destination for U.S. legal and accounting services, according to the State Department. Last year, the U.S.'s largest goods trade surplus worldwide — at $31.1 2019 : U.S. trade in goods with Hong Kong . NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Details may not equal totals due to rounding. Table reflects only those months for which there was trade.