{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:47:53.514Z",
  "seo": {
    "title": "United States exports to Hong Kong: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from United States to Hong Kong, the product routes that need a closer look, and the conditions that may affect planning."
  },
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "email": "support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "exporter": {
    "iso3": "USA",
    "country_name": "United States"
  },
  "importer": {
    "iso3": "HKG",
    "country_name": "Hong Kong"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "USA",
    "importer_iso3": "HKG",
    "all_history_lane_count": 1023,
    "current_lane_count": 960,
    "current_product_count": 960,
    "first_observed_last_year": 2006,
    "latest_data_year": 2024,
    "current_trade_usd": 21367974553.043655,
    "attention_trade_usd": 15877071748.665157,
    "critical_trade_usd": 3074066000.186459,
    "high_volatility_trade_usd": 9465504109.663557,
    "unrecovered_drawdown_trade_usd": 4708802127.953635,
    "declining_demand_trade_usd": 45488325.487613335,
    "concentrated_market_trade_usd": 11162778336.33726,
    "access_friction_trade_usd": 21367974553.043655,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 55,
    "high_attention_lane_count": 383,
    "high_volatility_lane_count": 378,
    "unrecovered_drawdown_lane_count": 757,
    "declining_demand_lane_count": 21,
    "concentrated_market_lane_count": 652,
    "access_friction_lane_count": 960,
    "trade_weighted_volatility_cv": 0.8822177250531549,
    "trade_weighted_below_peak_pct": 29.548661098659633,
    "product_concentration_hhi": 601.4784734913105,
    "top1_product_share_pct": 16.40401214798521,
    "top3_product_share_pct": 35.477067366259654,
    "top_product_hs6": "851712",
    "top_product_trade_usd": 3505205141.459669,
    "top_product_description": "Telephones for cellular networks or for other wireless networks",
    "top_attention_product_hs6": "851712",
    "top_attention_product_reason": "Trade has varied substantially across reported years",
    "distance_km": 12969.5830078125,
    "shares_land_border": 0,
    "shares_official_language": 1,
    "common_spoken_language_score": 0.3456000089645386,
    "has_reported_fta": 0,
    "avg_applied_tariff_pct": 0,
    "avg_mfn_tariff_pct": 0,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null,
    "buyer_biz_entry_days": 1.5,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 368139.247671,
    "buyer_gdp_pc_latest": 49661,
    "buyer_population_latest": 7413.1,
    "buyer_gdp_5y_cagr_pct": 2.303516880397938,
    "buyer_gdp_pc_5y_cagr_pct": 2.259425330431597,
    "buyer_population_5y_cagr_pct": 0.04311734573498871,
    "buyer_investment_5y_avg_pct": 23.188,
    "buyer_savings_5y_avg_pct": 22.356,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 74.30311988275756,
    "critical_trade_share_pct": 14.386323760145947,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "declining_buyer_demand",
      "concentrated_buyer_markets",
      "market_access_friction"
    ],
    "attention_level": "Critical attention",
    "primary_risk_reason": "Tariff, distance or agreement conditions create market-access friction",
    "buyer_gdp_mn_2024": 368139.247671,
    "buyer_gdp_pc_2024": 49661,
    "buyer_population_2024": 7413.1
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 12803420590.803722,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 12772025263.684402,
      "yoy_growth_pct": -0.24521046463059637,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 13530023981.845833,
      "yoy_growth_pct": 5.934835725049026,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 11314409904.343973,
      "yoy_growth_pct": -16.37553695747105,
      "cagr_3y_pct": -4.037409004490911
    },
    {
      "year": 1999,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 10060706531.5098,
      "yoy_growth_pct": -11.080590003662804,
      "cagr_3y_pct": -7.645887898752502
    },
    {
      "year": 2000,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 11539309404.451647,
      "yoy_growth_pct": 14.696809496538954,
      "cagr_3y_pct": -5.16679740228041
    },
    {
      "year": 2001,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 10657991047.207697,
      "yoy_growth_pct": -7.637531210524207,
      "cagr_3y_pct": -1.9725254518826119
    },
    {
      "year": 2002,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 9571917739.486319,
      "yoy_growth_pct": -10.190225370905337,
      "cagr_3y_pct": -1.6464230886074627
    },
    {
      "year": 2003,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 10212356042.045137,
      "yoy_growth_pct": 6.690804496959535,
      "cagr_3y_pct": -3.990241688291074
    },
    {
      "year": 2004,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 11911327797.090012,
      "yoy_growth_pct": 16.636432847132077,
      "cagr_3y_pct": 3.7755256332734577
    },
    {
      "year": 2005,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 12613731163.65602,
      "yoy_growth_pct": 5.896935912867818,
      "cagr_3y_pct": 9.63474336303074
    },
    {
      "year": 2006,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 13451812504.191168,
      "yoy_growth_pct": 6.644198529852252,
      "cagr_3y_pct": 9.618777046580274
    },
    {
      "year": 2007,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 15603614462.8803,
      "yoy_growth_pct": 15.996371923996833,
      "cagr_3y_pct": 9.417892326991485
    },
    {
      "year": 2008,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 16480788783.680437,
      "yoy_growth_pct": 5.621609806412864,
      "cagr_3y_pct": 9.322983227935545
    },
    {
      "year": 2009,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 16016129617.916021,
      "yoy_growth_pct": -2.819398827709807,
      "cagr_3y_pct": 5.988543275289038
    },
    {
      "year": 2010,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 20419544313.68239,
      "yoy_growth_pct": 27.493625493893383,
      "cagr_3y_pct": 9.38059419945576
    },
    {
      "year": 2011,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 28345425439.18878,
      "yoy_growth_pct": 38.815171405150075,
      "cagr_3y_pct": 19.812370846486083
    },
    {
      "year": 2012,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 29541216808.765244,
      "yoy_growth_pct": 4.21863969599563,
      "cagr_3y_pct": 22.637588384269193
    },
    {
      "year": 2013,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 33801004164.485466,
      "yoy_growth_pct": 14.419810068406825,
      "cagr_3y_pct": 18.29358276446065
    },
    {
      "year": 2014,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 31633918682.036655,
      "yoy_growth_pct": -6.4113050366880975,
      "cagr_3y_pct": 3.7265670640332926
    },
    {
      "year": 2015,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 26194618095.26627,
      "yoy_growth_pct": -17.194520354694774,
      "cagr_3y_pct": -3.928501744702273
    },
    {
      "year": 2016,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 23799908194.166256,
      "yoy_growth_pct": -9.14199203970365,
      "cagr_3y_pct": -11.035810517462796
    },
    {
      "year": 2017,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 27498726077.66161,
      "yoy_growth_pct": 15.541311560193293,
      "cagr_3y_pct": -4.56232289239421
    },
    {
      "year": 2018,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 27876661661.077267,
      "yoy_growth_pct": 1.374374879579121,
      "cagr_3y_pct": 2.0961967832391792
    },
    {
      "year": 2019,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 23563285844.744396,
      "yoy_growth_pct": -15.473071592196463,
      "cagr_3y_pct": -0.332509529524172
    },
    {
      "year": 2020,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 18397173137.7362,
      "yoy_growth_pct": -21.924415554974296,
      "cagr_3y_pct": -12.539321895138745
    },
    {
      "year": 2021,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 23889274054.331165,
      "yoy_growth_pct": 29.852960971104814,
      "cagr_3y_pct": -5.015210883058763
    },
    {
      "year": 2022,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 21655330893.789394,
      "yoy_growth_pct": -9.351239202418348,
      "cagr_3y_pct": -2.7753643829187213
    },
    {
      "year": 2023,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 21717627848.25127,
      "yoy_growth_pct": 0.28767491370793596,
      "cagr_3y_pct": 5.686722601053851
    },
    {
      "year": 2024,
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "export_value_usd": 21882310580.509426,
      "yoy_growth_pct": 0.7582906080205953,
      "cagr_3y_pct": -2.8826682853991925
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "hs_code": "851712",
      "hs_description": "Telephones for cellular networks or for other wireless networks",
      "buyer_imports_latest_usd": 30349684361.136154,
      "current_below_peak_pct": 8.35089123911286,
      "lane_volatility_cv": 1.0287263867952339,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "hs_code": "710239",
      "hs_description": "Diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set",
      "buyer_imports_latest_usd": 6509846111.260275,
      "current_below_peak_pct": 15.529298688051622,
      "lane_volatility_cv": 0.6029967043889425,
      "attention_level": "Watch",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": [
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "hs_code": "711319",
      "hs_description": "Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof",
      "buyer_imports_latest_usd": 17035963921.793066,
      "current_below_peak_pct": 13.485354219373427,
      "lane_volatility_cv": 0.7879216199124134,
      "attention_level": "Watch",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": [
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "hs_code": "854239",
      "hs_description": "Electronic integrated circuits: n.e.c. in heading no. 8542",
      "buyer_imports_latest_usd": 58595517135.13583,
      "current_below_peak_pct": 32.02873729951779,
      "lane_volatility_cv": 0.38771935434003857,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "hs_code": "970110",
      "hs_description": "Paintings, drawings and pastels: executed entirely by hand, other than drawings of heading no. 4906",
      "buyer_imports_latest_usd": 3026728593.879903,
      "current_below_peak_pct": 13.754766245516315,
      "lane_volatility_cv": 1.1863524971420276,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "hs_code": "710391",
      "hs_description": "Stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set",
      "buyer_imports_latest_usd": 1531353210.853633,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.0301514914278813,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "hs_code": "847330",
      "hs_description": "Machines: parts and accessories of automatic data processing, magnetic or optical readers, digital processing units",
      "buyer_imports_latest_usd": 11747584627.695696,
      "current_below_peak_pct": 36.1535010677738,
      "lane_volatility_cv": 0.263889176994677,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "hs_code": "880330",
      "hs_description": "Aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803",
      "buyer_imports_latest_usd": 1215273500.1667647,
      "current_below_peak_pct": 25.635194309137297,
      "lane_volatility_cv": 1.0173145470749037,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "hs_code": "710812",
      "hs_description": "Metals: gold, non-monetary, unwrought (but not powder)",
      "buyer_imports_latest_usd": 41743878490.216095,
      "current_below_peak_pct": 94.08742409807309,
      "lane_volatility_cv": 1.8022318751013908,
      "attention_level": "Critical attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "USA",
      "importer_iso3": "HKG",
      "hs_code": "851762",
      "hs_description": "Communication 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",
      "buyer_imports_latest_usd": 3779514466.060937,
      "current_below_peak_pct": 76.7554033700846,
      "lane_volatility_cv": 1.295262188659816,
      "attention_level": "Critical attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown",
        "long_distance_without_fta"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "USA",
    "importer_iso3": "HKG",
    "distance_km": 12979,
    "shares_land_border": 0,
    "shares_official_language": 1,
    "shares_ethnic_language": 1,
    "shared_religion": 0,
    "shared_legal_system": 1,
    "shared_colonial_history": 0,
    "has_fta": 0,
    "rta_coverage_ratio": null,
    "exporter_is_wto": 1,
    "importer_is_wto": 1,
    "exporter_is_eu": 0,
    "importer_is_eu": 0,
    "importer_gdp_million_usd": 368139.247671,
    "importer_gdp_per_capita_usd": 49660.63423817296,
    "importer_population": 7413.1,
    "importer_biz_entry_days": 1.5,
    "importer_biz_entry_cost_pct": 0.5,
    "exporter_gdp_million_usd": 22996100,
    "exporter_gdp_per_capita_usd": 69287.53804930179,
    "avg_applied_tariff_pct": 0,
    "avg_mfn_tariff_pct": 0,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null
  },
  "sourceAttribution": {
    "publisher": "OECD",
    "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D",
    "year": 2025,
    "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29)",
    "sourceUrl": "https://data-explorer.oecd.org/",
    "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0",
    "termsUrl": "https://www.oecd.org/termsandconditions/",
    "terms": "OECD Terms & Conditions",
    "accessed": "2026-08-29",
    "supportingSources": [
      {
        "publisher": "CEPII",
        "dataset": "BACI bilateral trade flows",
        "release": "202601",
        "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.",
        "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html",
        "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37",
        "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf",
        "license": "Etalab 2.0 Open Licence",
        "accessed": "2026-08-29"
      }
    ]
  },
  "links": {
    "canonical": "https://www.yugalinks.com/trade/corridor/USA-HKG/risk",
    "html": "https://www.yugalinks.com/trade/corridor/USA-HKG/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/USA-HKG/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/USA-HKG/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/USA-HKG/risk/index.ld.json",
    "home": "https://www.yugalinks.com/",
    "tradeHub": "https://www.yugalinks.com/trade/",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "workspace": "https://www.yugalinks.com/app/corridors",
    "contact": "https://www.yugalinks.com/contact",
    "email": "mailto:support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  }
}