In the decade up to 2019, the United States has enjoyed a merchandise trade surplus of about US$310 billion in trade with Hong Kong, the Secretary for Commerce and Economic Development, Edward Yau Tang-wah said today. In 2019 alone, the US enjoyed a merchandise trade surplus exceeding US$26 billion with Hong Kong, the highest among its trading partners, he said. The US has gained much from the economic and trade activities with Hong Kong, Yau said. “In 2019, the total merchandise trade between Hong Kong and the US stood at HK$517 billion, that is 6.2 percent of Hong Kong's total merchandise trade. Whereas, Hong Kong's domestic exports to the US was HK$3.7 billion, accounting for less than 2 percent of local manufacturing output and less than 0.1 percent of Hong Kong's total exports,'' Yau said.

Source: The Standard June 10, 2020 10:18 UTC