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March 2013

Top Exports To Hong Kong

Total Exports To Hong Kong: $10,597,148,947
RankCommodityTotal YTD Exports
1Gold $3,078,824,187
2Diamonds, not mounted $788,532,425
3Aircraft $612,517,060
4Landline, cellular phone equipment $566,896,174
5Jewelry, parts $547,436,908
6Electronic integrated circuits $494,083,535
7Photo-sensitive semi-conductors, parts $212,257,609
8Computers $204,025,389
9Almonds, walnuts, pistachios, hazelnuts, etc. $194,652,913
10Computer parts $191,586,793

Total Imports From Hong Kong

Total Imports From Hong Kong: $1,420,608,131
RankCommodityTotal YTD
1Imports of returned exports $708,854,727
2Diamonds, not mounted $66,581,448
3Jewelry, parts $61,207,542
4Landline, cellular phone equipment $33,874,629
5Computers $25,718,259
6Precious stones $25,177,425
7Exports of charitable items, returned as imports $19,407,956
8Toys, scale models, puzzles $18,441,808
9Travel goods, including handbags, wallets, jewelry $14,878,366
10Amplifiers, speakers, microphones $11,873,106
March 2013

Top Hong Kong Trading Partners

Total Hong Kong trade: $12,017,757,078
RankDistrictTotal YTD
1New York City $4,401,723,546
2Los Angeles $2,152,649,252
3Great Falls, Mont. $1,170,066,957
4San Francisco $763,194,987
5Seattle $501,387,542
6Anchorage $469,365,473
7Cleveland $437,637,310
8Atlanta/Savannah $296,887,851
9New Orleans $285,743,533
10Chicago $284,810,688

Top US Trading Partners

Total U.S. trade for all countries: $919,560,909,009
Rank Commodity Total YTD Exports
1 CANADA $154,229,781,187
2 CHINA $125,331,233,626
3 MEXICO $120,297,325,224
4 JAPAN $50,070,697,561
5 GERMANY $37,936,556,982
6 SOUTH KOREA $25,435,797,164
7 UNITED KINGDOM $24,776,181,741
8 FRANCE $17,448,501,187
9 BRAZIL $16,436,596,270
10 SAUDI ARABIA $15,342,397,281

Hong Kong’s trade rose to $12,017,757,078 through March

Hong Kong’s trade with the United States rose to $12,017,757,078 through the first three months of 2013, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 14.07 percent above its total trade during the same time period last year. Hong Kong’s exports increased 13.18 percent while imports rose 21.20 percent. The U.S. deficit with Hong Kong was $0.

Through March, Hong Kong’s top U.S. Customs districts for total imports and exports were No. 1 New York City, No. 2 Los Angeles, No. 3 Great Falls, Mont., No. 4 San Francisco and No. 5 Seattle compared to last year when the top spots were held by No. 1 New York City, No. 2 Los Angeles, No. 3 Great Falls, Mont., No. 4 San Francisco and No. 5 Seattle. In the current time period, the top five accounted for 33.69 percent of Hong Kong’s U.S. trade.. That compares to 17.20 percent for the nation’s top five Customs districts during the same time period.

Taking a closer look at the leading U.S. gateways for U.S. trade with Hong Kong,:

  • Trade with No. 1 New York City rose 34.39 percent to $4,401,723,546.
    Exports rose 34.77 percent to $3,690,465,295. Imports rose 32.47 percent to $711,258,251.
  • Trade with No. 2 Los Angeles rose 17.08 percent to $2,152,649,252.
    Exports rose 16.36 percent to $1,900,622,661. Imports rose 22.78 percent to $252,026,591.
  • Trade with No. 3 Great Falls, Mont. rose 8.54 percent to $1,170,066,957.
    Exports rose 8.81 percent to $1,168,410,074. Imports fell -60.68 percent to $1,656,883.
  • Trade with No. 4 San Francisco fell -7.51 percent to $763,194,987.
    Exports fell -8.40 percent to $709,813,100. Imports rose 6.26 percent to $53,381,887.
  • Trade with No. 5 Seattle fell -27.57 percent to $501,387,542.
    Exports fell -29.43 percent to $480,663,882. Imports rose 86.40 percent to $20,723,660.

Through March, 36 Customs districts posted trade surpluses with Hong Kong while 9 had deficits. That compares with 37 surpluses and 7 deficits for the same period one year ago. The top surplus was with New York City at $2,979,207,044, the largest deficit was with Phoenix/Nogales at $-20,615,002.

Meanwhile, total U.S. trade with the world decreased to $919,560,909,009, down -1.59 percent compared to the same period last year. The nation’s exports climbed 0.19 percent to $1,773,047,307; imports dropped -1.78 percent to $-16,591,316,281. The nation’s top five countries so far this year, by value, are Canada, China, Mexico, Japan and Germany. The overall trade deficit climbed $-152,899,878,555, down compared to the same period of last year when the deficit was $-171,264,242,143.

The top five U.S. exports to Hong Kong by value through March were gold; diamonds, not mounted; aircraft; landline, cellular phone equipment; and jewelry, parts, respectively. They accounted for 52.79 percent of total exports to Hong Kong.

The value of the top five U.S. imports from Hong Kong -- imports of returned exports; diamonds, not mounted; jewelry, parts; landline, cellular phone equipment; and computers -- accounted for 63.09 percent of all inbound shipments.

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

  • Gold rose 68.42 percent compared to last year to $3,078,824,187.
  • Diamonds, not mounted rose 0.22 percent compared to last year to $788,532,425.
  • Aircraft fell -15.86 percent compared to last year to $612,517,060.
  • Landline, cellular phone equipment rose 39.92 percent compared to last year to $566,896,174.
  • Jewelry, parts rose 14.45 percent compared to last year to $547,436,908.

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

  • fell compared to last year to $0.
  • fell compared to last year to $0.
  • fell compared to last year to $0.
  • fell compared to last year to $0.
  • fell compared to last year to $0.

In the latest annual figures available, Hong Kong recorded $10,535,029,405 in trade with the United States. At year’s end, its top five Customs districts were New York City, Los Angeles, San Francisco, Seattle and Great Falls, Mont.. Total U.S. exports to Hong Kong were $37,480,185,702 and imports from Hong Kong were $5,440,903,183. The U.S. surplus with Hong Kong was $32,039,282,519.

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