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USA-China, Hong Kong SAR Bilateral Trade Analysis 2023

Complete trade statistics: $30.09B total volume •USA surplus: $20.87B

USA → China, Hong Kong SAR

$25.48B

Exports (2023)

China, Hong Kong SAR → USA

$4.61B

Imports (2023)

Trade Balance

$20.87B

Surplus for USA

Total Trade

$30.09B

Combined Volume

Trade Flow Visualization

Direct trade relationship between USA and China, Hong Kong SAR. Green line shows exports from USA, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the USA-China, Hong Kong SAR commercial relationship and competitive positioning in global markets.

USA → China, Hong Kong SAR Exports

$25.48B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
13.3% top product
1Telephones for cellular networks or for other wireless networks
$3.40B
13.3% of exports
2Diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set
$2.64B
10.4% of exports
3Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof
$2.02B
7.9% of exports
4Electronic integrated circuits: n.e.c. in heading no. 8542
$1.60B
6.3% of exports
5Paintings, drawings and pastels: executed entirely by hand, other than drawings of heading no. 4906
$1.51B
5.9% of exports
6Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
$638.77M
2.5% of exports
7Metals: gold, non-monetary, unwrought (but not powder)
$564.20M
2.2% of exports
8Turbines: parts of turbo-jets and turbo-propellers
$461.56M
1.8% of exports
9Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus
$437.39M
1.7% of exports
10Electronic integrated circuits: amplifiers
$420.42M
1.6% of exports

🎯 Strategic Export Focus

USA's export portfolio to China, Hong Kong SAR demonstrates strong diversification across multiple sectors, with telephones for cellular networks or for other wireless networks representing a key competitive advantage in this bilateral market.

China, Hong Kong SAR → USA Imports

$4.61B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
38.9% concentration
1Machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471
$1.80B
38.9% of imports
2Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof
$630.56M
13.7% of imports
3Diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set
$232.65M
5.0% of imports
4Turbines: parts of turbo-jets and turbo-propellers
$172.52M
3.7% of imports
5Telephones for cellular networks or for other wireless networks
$145.79M
3.2% of imports
6Tricycles, scooters, pedal cars and similar wheeled toys: dolls' carriages: dolls: other toys: reduced-size (scale) models and similar recreational models, working or not: puzzles of all kinds
$85.31M
1.8% of imports
7Dental fittings: artificial teeth
$74.02M
1.6% of imports
8Stones: precious (other than diamonds) and semi-precious stones, (other than rubies, sapphires and emeralds), worked other than simply sawn or roughly shaped, not strung, mounted or set
$67.25M
1.5% of imports
9Stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set
$50.25M
1.1% of imports
10Metals: silver, unwrought, (but not powder)
$36.93M
0.8% of imports

📦 Import Strategy Analysis

USA's import pattern from China, Hong Kong SAR reveals significant dependencyin machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

USA demonstrates competitive strength in exportingtelephones for cellular networks or for other wireless networks to China, Hong Kong SAR, leveraging comparative advantages.

Export Leader in 20+ Categories
🔄

Trade Complementarity

The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.

Specialized Exchange
📈

Growth Potential

The $30.09B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Major Partnership

Executive Summary: USA-China, Hong Kong SAR Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $30.09 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: USA maintains a surplus of $20.87 billion
  • Export Focus: USA's primary exports include telephones for cellular networks or for other wireless networks, diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set, jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof
  • Import Dependencies: Key imports from China, Hong Kong SAR include machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471, jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof, diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationDiversified
Trade Balance HealthImbalanced

📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.

Historical Trade Analysis & Economic Context

Trade Evolution Timeline

2019-2023: Recent Trends

Current trade volume of $30.09B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.

2015-2019: Growth Period

Sustained expansion in bilateral trade driven by complementary economic structures, with USA leveraging its comparative advantages in telephones for cellular networks or for other wireless networks.

2010-2015: Foundation Building

Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.

Pre-2010: Early Development

Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.

Key Economic Drivers

1

Comparative Advantage

USA's specialization in telephones for cellular networks or for other wireless networkscomplements China, Hong Kong SAR's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $30.09B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationLow
Market DependencyHigh
🔮

Trade Relationship Outlook

The $30.09B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.

Economic Impact & Strategic Outlook

Economic Impact Assessment

💰

Trade Volume Impact

The $30.09 billion bilateral trade volume represents a significant economic factorfor both economies.

Economic Significance: High
🏭

Industrial Integration

Trade flows in telephones for cellular networks or for other wireless networks and machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471 demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

USA's trade surplus of $20.87 billion strengthens its overall economic position in this bilateral relationship.

Balance Impact: Export Advantage

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set present expansion opportunities.
Market Diversification
Beyond current focus on machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
High trade imbalance may create supply chain risks
Market Competition
Global competition in telephones for cellular networks or for other wireless networks may affect future market positioning.

🎯Strategic Recommendations

  • Strengthen cooperation in high-value sectors beyond current trade patterns
  • Develop alternative supply chains to reduce dependency risks
  • Explore joint ventures in emerging technology sectors
  • Enhance trade facilitation and reduce transaction costs

Market Position & Competitive Summary

The bilateral trade relationship between USA and China, Hong Kong SAR represents a total trade volume of $30.09 billion in 2023. This partnership demonstrates a favorable trade balance for USA, with exports exceeding importsby $20.87 billion.

Export Strengths

USA's exports to China, Hong Kong SAR total $25.48 billion, with competitive advantages in telephones for cellular networks or for other wireless networks, representing $3.40B or13.3% of bilateral exports.

Import Dependencies

Imports from China, Hong Kong SAR amount to $4.61 billion, highlighting economic interdependence in machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471, with Machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471 comprising38.9% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates USA's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.

Download Bilateral Trade Data

Access detailed trade data between USA and China, Hong Kong SAR in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023