Trade and Commerce

While U.S. imports from Hong Kong have remained relatively steady this decade, exports to the crown colony have more than doubled since 1990, giving the United States a trade surplus with Hong Kong of more than $4 billion.

*

U.S. imports-exports with Hong Kong

U.S. imports from Hong Kong, 1990 - 1996

U.S. exports from Hong Kong, 1990 - 1996

*

* Exports to Hong Kong

Rest of U.S.: 74%

California’s share: 26%

Total: $13.96 billion

From California: $3.6

*

* Imports from Hong Kong

Rest of U.S.: 69%

California’s share: 31%

Total: $9.87 billion

To California: $3.1

*

Top 5 California exports to Hong Kong

1. Electronic, electrical equipment (excluding computers)

2. Industrial machinery, computer equipment

3. Food and related products

4. Transportation equipment

5. Agricultural products

*

The Biggest and the Boast

* Hong Kong’s new Chek Lap Kok Airport is the world’s largest constructionsite: nearly 5 square miles were reclaimed from the sea.

* The largest neon advertising sign is 365 feet by 62 feet and has eight miles of neon tubing. The owner is a drug company backed by the Chinese army.

* Hong Kong is the leading importer of cognac-more than 158,000 gallons in 1994. Also the top market for plastic scrap and ginseng roots.

* Hong Kong has the highest concentration of cellular phones and pagers: 680,000 cellular phone subscribers, more than 10% of the population, and one pager for every 4.8 people.

* Less than half the size of Luxembourg, Hong Kong has the world’s eighth largest stock market with $450 billion in capitalization.

*

* The U.S.-Hong Kong relationship

1,000: Number of U.S. firms in Hong Kong.

Nearly 10%: Percentage of Hong Kong work force employed by U.S. firms.

88: U.S.-owned factories in Hong Kong

Nearly $14 billion: 1995 U.S. investment in Hong Kong.

$196 million: Value of U.S. goods purchased by Hong Kong government in 1995

700,000: 1995 visits by Americans to Hong Kong

120,000: 1995 visits by Hong Kong citizens to U.S.

35,000: Americans who live in Hong Kong.

* Hong Kong on the Web

Internet sites pertaining to Hong Kong:

The American Chamber of Commerce in Hong Kong: https://www.amcham.org.hk

The Hong Kong Democratic Foundation: https://www.hkdf.org

The Hong Kong Government Information Center: https://info.gov.hk

Hong Kong 1997 Web Site: https://www.hk1997.china.com

Assn. for Celebration of Reunification of Hong Kong with China: https://www.reuinification.org.hk

People’s Republic of China Hong Kong Special Administrative Region Chief Executive’s Office: https://www.ceoffice.org.hk