Hong Kong possess the 31st largest export economy in the world, as cited by the Economic Complexity Index (ECI). The country’s major export products would include foot wear, precious stones, watches and clocks, textiles and apparel and appliances. However, its top exports would include gold ($72 billion), telephones ($4.5 billion) and jewelry (approximately $4 billion). Major export destinations for these products are Asian countries namely: China ($85 billion), Macau ($5.4 billion and United Arab Emirates ($4.1 billion). The United States and the European Union were also included as some of Hong Kong’s exporting partners. However it was reported that its exports declined from $365.2 billion in 2008 to only $ 326.9 billion the next year.