Country exposure · HK

Hong Kong
East N Southeast Asia · presidential limited democracy; a special administrative region of the People's Republic of China
What Hong Kong means for your money — the prices you pay, the tariffs in motion, and where U.S. policy could change both.

$5.1B
U.S. imports, 2025
-13.5%
change in one year
$33.7B
U.S. exports, 2025
7M
Population
$407.1B
GDP
In your house
What you buy that Hong Kong makes
America bought $5.1B in goods from Hong Kong in 2025. Of every $100 of it, here's where the money went.
U.s. goods returned, and reimports
Finished metal shapes
Nonmonetary gold
Jewelry
jewelry
Cell phones and other household goods, n.e.c.
cell phones and home electronics
Other (movies, miscellaneous imports, and special transactions)
Minimum value shipments
Toys, games, and sporting goods
toys, games, sporting goods
Other foods
Gem stones, other
2026 so far (through April): $927M in imports. Source: U.S. Census Bureau, International Trade in Goods (customs basis).
The other direction
What America sells to Hong Kong
$33.7B in 2025 — a trade rupture cuts both ways, for American producers as well as American prices.
Cell phones and other household goods, n.e.c.
$4.2Bcell phones and home electronics
Finished metal shapes
$3.9BGem diamonds
$3.2BNonmonetary gold
$2.8BJewelry, etc.
$2.8Bjewelry
Semiconductors
$1.8Bsemiconductors and chips
Civilian aircraft, engines, equipment, and parts
$1.6BComputer accessories
$1.1Bkeyboards, drives, computer parts
Telecommunications equipment
$1.1Bphones, routers, networking gear
Where you stand
U.S. tariff posture toward Hong Kong
No U.S. tariff action singles this country out. Its goods face the universal 10% temporary import surcharge under Section 122 of the Trade Act (which replaced the IEEPA reciprocal baseline in February 2026) plus the sectoral Section 232 duties — steel and aluminum at 50% — that apply to all countries. The Section 122 surcharge is statutorily temporary — scheduled to lapse on or about July 23, 2026 (a 150-day cap) unless extended or replaced.
Reciprocal tariff (universal baseline)
10%
The universal 10% floor — a Section 122 import surcharge since February 2026, previously the EO 14257 reciprocal baseline — applies to nearly all U.S. imports. This country has no higher assigned rate of its own.
Policy in motion
Tariff status: a moving target
No U.S. tariff action names Hong Kong. These are the universal measures — applied to every country without a country-specific arrangement — that set its treatment.
2026-04-06
Section 232 metals coverage expanded
In effectThe April 2026 proclamation strengthening Section 232 actions on aluminum, steel, and copper expanded derivative-product coverage for all countries, keeping the general metals rate at 50%.
91 FR 18201 →2026-02-24
IEEPA reciprocal tariffs terminated — replaced by 10% Section 122 surcharge
In effectExecutive Order 14389 (Ending Certain Tariff Actions) terminated the IEEPA tariff duties — including the EO 14257 reciprocal baseline — effective February 24, 2026. A flat 10% Section 122 temporary import surcharge (Proclamation 11012 of February 20, 2026) replaced them, leaving the universal rate unchanged at 10% on a different statutory basis. Section 122 caps such surcharges at 150 days, so this 10% surcharge is scheduled to lapse on or about July 23, 2026 absent further action (the administration has signaled it could raise the rate toward the 15% statutory maximum).
91 FR 9437 →2025-11-13
Agricultural products exempted from reciprocal tariffs
In effectExecutive Order 14360 of November 14, 2025 removed reciprocal duties from certain agricultural products listed in its annexes (coffee, cocoa, bananas, and other goods the U.S. does not produce in sufficient quantity), retroactive to November 13, 2025 — for all countries subject to the reciprocal tariff.
90 FR 54091 →2025-06-04
Section 232 steel and aluminum duties doubled to 50%
In effectThe June 3, 2025 proclamation raised Section 232 duties on steel and aluminum articles and derivatives from 25% to 50% for all countries, effective June 4, 2025.
90 FR 24199 →2025-04-05
Universal 10% reciprocal baseline takes effect
In effectExecutive Order 14257 (signed April 2, 2025) imposed a 10% ad valorem reciprocal duty on imports from all trading partners, effective April 5, 2025. Countries without a higher Annex I rate remain at this baseline.
Federal Register · 2025-06063 →2025-03-12
Section 232 steel and aluminum duties set at 25% for all countries
In effectProclamations of February 10, 2025 terminated all country exemptions and quota arrangements and applied 25% Section 232 duties to steel and aluminum imports from every country, effective March 12, 2025.
90 FR 9817 →
Made for America
What Hong Kong makes for America
Hong Kong is a direct U.S. source of 12 essential goods Americans rely on — the items themselves, shipped finished off the line.
materials
1% of U.S.Jewelry
$256M to the U.S.
digital
Smartphones and tablets
$162M to the U.S.
materials
Clothing and apparel
$46M to the U.S.
home
Toys & games
$35M to the U.S.
food
1% of U.S.Condiments, sauces & dressings
$31M to the U.S.
home
Books & printed media
$12M to the U.S.
digital
Fiber optic cables and networking
$11M to the U.S.
materials
Auto parts and repairs
$10M to the U.S.
materials
Hardware & fasteners
$8M to the U.S.
food
Bread, grains, and flour
$7M to the U.S.
digital
Lithium-ion batteries
$7M to the U.S.
materials
Copper and electrical wiring
$7M to the U.S.
Go deeper
The supply chain view
Hong Kong sits upstream of 6 essential American goods through 2 tracked inputs.
Full supply-map profile →Reference
The country itself
East N Southeast Asia · Geography, people, economy, and government — public-domain data from the CIA World Factbook.
The UK seized Hong Kong in 1841, and China formally ceded it the following year at the end of the First Opium War. The Kowloon Peninsula was added in 1860 at the end of the Second Opium War, and the UK obtained a 99-year lease of the New Territories in 1898. Pursuant to a UK-China agreement in 1984, Hong Kong became the Hong Kong Special Administrative Region (HKSAR) of the People's Republic of China as of 1 July 1997. In this agreement, China promised that, under its "one country, two systems" formula, China's socialist economic and strict political system would not be imposed on Hong Kong and that Hong Kong would enjoy a "high degree of autonomy" in all matters except foreign and defense affairs for the next 50 years. After the handover, Hong Kong continued to enjoy success as an international financial center. However, growing Chinese political influence and dissatisfaction with the Hong Kong Government in the 2010s became central issues and led to considerable civil unrest, including large-scale pro-democracy demonstrations in 2019 after the HKSAR attempted to revise a local ordinance to allow extraditions to mainland China. In response to the protests, the governments of the HKSAR and China reduced the city's autonomy and placed new restrictions on the rights of Hong Kong residents, moves that were widely criticized as contravening obligations under the Hong Kong Basic Law and the Sino-British Joint Declaration. Democratic lawmakers and political figures were arrested in a widespread crackdown, while others fled abroad. At the same time, dozens of civil society groups and several independent media outlets were closed or disbanded. In 2021, Beijing imposed a more restrictive electoral system, restructuring the Legislative Council (LegCo) and allowing only government-approved candidates to run for office. The changes ensured that virtually all seats in the 2021 LegCo election went to pro-establishment candidates and effectively ended political opposition to Beijing. In 2024, the LegCo passed a new national security law (Article 23 of the Basic Law) further expanding the Hong Kong Government's power to curb dissent.

Geography
- Location
- Eastern Asia, bordering the South China Sea and China
- Area
- 1,108 sq km
- Climate
- subtropical monsoon; cool and humid in winter, hot and rainy from spring through summer, warm and sunny in fall
- Terrain
- hilly to mountainous with steep slopes; lowlands in north
- Natural resources
- outstanding deepwater harbor, feldspar
- Coastline
- 733 km
- Natural hazards
- occasional typhoons
People & society
- Population
- 7,305,556 (2025 est.)
- Nationality
- Chinese/Hong Konger
- Ethnic groups
- Chinese 91.6%, Filipino 2.7%, Indonesian 1.9%, other 3.7% (2021 est.)
- Languages
- Cantonese (official) 85.4%, English (official) 4.5%, Putonghua (official) 2.2%, other Chinese dialects 2.8%, other 2%, persons under 5 or mute 3.2% (2021 est.)
- Religions
- Buddhist or Taoist 27.9%, Protestant 6.7%, Roman Catholic 5.3%, Muslim 4.2%, Hindu 1.4%, Sikh 0.2%, other or none 54.3% (2016 est.)
- Median age
- 47.6 years (2025 est.)
- Life expectancy at birth
- 84 years (2024 est.)
Economy
- Economic overview
- high-income tourism- and services-based economy; global financial hub; COVID-19 and political protests fueled recent recession; ongoing recovery but lower-skilled unemployment remains high; investing in job-reskilling programs
- Industries
- trading and logistics, financial services, professional services, tourism, cultural and creative, clothing and textiles, shipping, electronics, toys, clocks and watches
- Agricultural products
- pork, chicken, spinach, vegetables, pork offal, game meat, beef, fruits, onions, pork fat (2023)
- Exports - partners
- China 22%, Vietnam 12%, S. Korea 8%, Netherlands 5%, Switzerland 4% (2023)
- Imports - partners
- China 40%, Taiwan 10%, Singapore 7%, Japan 5%, S. Korea 4% (2023)
Government
- Government type
- presidential limited democracy; a special administrative region of the People's Republic of China
- Independence
- none (special administrative region of China)
- Constitution
- several previous (governance documents while under British authority); latest drafted April 1988 to February 1989, approved March 1990, effective 1 July 1997 (Basic Law of the Hong Kong Special Administrative Region of the People's Republic of China serves as the constitution)
- Executive branch
- President of China XI Jinping (since 14 March 2013)
- Legislative branch
- Legislative Council or LegCo
Full reference data
Every field, by section — CIA World Factbook. Open a topic to expand it.
Introduction
Travel Facts
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US State Dept Travel Information - Overall information about foreign travel for US citizens.
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Page last updated: Wednesday, October 05, 2022