Trading Partner Portal: Hong Kong
Key Country Contacts
Trade Overview
Hong Kong gross domestic product (GDP) per capita is comparable to other developed countries. The United States has substantial economic ties with Hong Kong. A report done by the U.S. State Department indicates that there are some 1,100 U.S. firms and about 54,000 U.S. residents in Hong Kong. The latest available figures on U.S. direct investment in Hong Kong show investment at about $43.7 billion, making the United States one of Hong Kong's largest investors.
Trade between the United States and Hong Kong has been increasing in the last few years, with a growth in U.S. exports from $12.6 billion in 2002 to more than $17.7 billion in 2006. Total trade between the United States and Hong Kong totaled $25.7 billion in 2006, according to the U.S. Department of Commerce.
US Census Bureau Trade in Goods - Hong Kong
WTO Trade Profile - Hong Kong
International Luncheon Forum: US/CA - Hong Kong Relations
| Presented By |
| The California Chamber of Commerce
Council for International Trade
&
Co-Sponsors:
California Business Roundtable
Inland International Trade Association
Northern California World Trade Center
Sacramento Metropolitan Chamber of Commerce
Sacramento Regional Center for International Trade
U.S. Department of Commerce
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 |
| Margaret Fong, Hong Kong commissioner and CalChamber President Allan Zaremberg. |
(February 15, 2008) The California Chamber of Commerce hosted Margaret Fong, Hong Kong Commissioner, at an international luncheon forum.
Commissioner Fong described Hong Kong as the “window of China and door to the world,” and specifically addressed Hong Kong’s strong economic ties with California.
Commissioner Fong identified a set of core values that has allowed the Hong Kong economy to flourish: “Hong Kong is very proud to be an open market and free trade supporter,” she said. “The best way to make the rest of the world feel welcome is to have no trade barriers, quotas or tariffs, so that when businesses come, they will feel very welcome and become a part of Hong Kong.”
Hong Kong continues to be California’s eighth largest export market. California accounts for more than 27 percent of all U.S. exports to Hong Kong. California’s exports to Hong Kong are driven by computers and electronic products, which account for 65 percent of all California exports to Hong Kong. Key exports to Hong Kong showing growth in 2006 include chemicals and crop production.
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