hong kong main imports

Economic Overview. Since 2005, U.S. exports of dairy, pork, tree nuts and wine and beer to China all experienced triple-digit growth.Â. In the long term, rising food and feed demand, lagging growth in domestic supply, competition for land use from urbanization and industrialization, and increasing cost of labor and inputs will lead to higher prices and surging demand for imports. Among the top U.S. agricultural markets, both China and Hong Kong have had the highest average annual growth rate over the last decade. Hong Kong is the second-largest market for U.S. tree nuts (after the EU), with sales of $845 million in 2015. Hong Kong Red Cross Blood Transfusion Service Gold Award of "Give Blood Alliance" Government launches Phase 1 of the Trade Single Window on 28 December 2018 Charge for each import and export declaration capped at $200 from August 1 2018 The main export markets are Hong Kong, mainland China, Vietnam, EU and the United States, while imports originate primarily from mainland China, Hong Kong, EU, Japan and Switzerland. Found inside – Page 7The principal commodities re - exported to major markets through Hong Kong in 1984 were textiles , apparel and electrical machinery , apparatus and appliances . Imports . In 1984 , China was the principal supplier of Hong Kong's imports ... Adobe Acrobat e-Form SPECIAL PERMIT Dogs and cats should not be brought into Hong Kong (either import or transshipment/transit) unless a Special Permit to do so is obtained in advance from this Department. The purpose of this guide is to provide general guidance for importers who wish to import milk or milk beverages into Hong Kong. Electronic equipment: $274.6 million. In the near term, U.S. suppliers will continue to face challenges as China’s economy adjusts. Details may not equal totals due to rounding. Found inside – Page 11Hong Kong Import Trends : More Rice , Less Wheat U.S. DEPARTMENT OF AGRICULTURE WASHINGTON , DC . ... Dwindling output of wheat flour by ne of the three major flour mills in long Kong caused total wheat imports ) decline from about ... Its steady economic growth and role as a regional transshipment center and distribution powerhouse, combined with rising demand from the Mainland, will make China and Hong Kong a dynamic market duo in the years to come.Â. )Â, Exports of U.S. tree nuts to China more than quadrupled since 2005, with almonds and walnuts leading the growth.Â. China has implemented 13 FTAs and is negotiating eight more. Authorities in China hope to transform agriculture into a more efficient, green and capital- and technology-intensive sector. Different from pirated or counterfeited goods, they are manufactured by or with the authority of the intellectual property rights owners (eg trademark or copyright owner) and are legitimately produced and marketed abroad. Found inside – Page 44There are three main import channels for toys . ... However , U.S. imports of toys from Hong Kong dropped from a high of $ 473 million in 1985 to $ 445 million in 1987 at a time when overall toy imports were growing . According to China’s Bureau of Statistics, between 2000 and 2012, urban household per-capita consumption of poultry meat nearly doubled, milk rose 40 percent, and pork and vegetable oil increased 27 percent and 12 percent, respectively.Â, China produces most of the meat it consumes, and the dietary change drew more of the country’s land into production of feed, as evidenced by corn acreage surpassing rice area in recent years. In contrast to China, where more than 70 percent of U.S. exports are bulk commodities, the vast majority (over 90 percent) of U.S. exports to Hong Kong are high-value, consumer-oriented products. Hong Kong, which was previously among the world leaders in terms of fresh apple imports, is likely to drop out of the world's top ten importers for the first time this season. Finally, China’s 2015 Food Safety Law and the Facility and Product Registration Requirement for all overseas feed and food manufacturers could pose additional scientifically and legally unjustifiable barriers on trade. Merchandise trade statistics with EU in 2020 are compiled based on the new coverage and thus not comparable with EU figures in earlier years. Hong Kong is believed to be the largest consumer of LRFF in Asia as well as an important entrep^ t for re-export of LRFF (Johannes . In general, imports into HKSAR are tax-free except: motor vehicles for use on the road which are subject to a First Registration Tax. Inequality is rising and many people live below the city's poverty line. As a result of the financial crisis of 1997-98, the value of its international trade . Found inside – Page 59Other leading suppliers of such towels were India , Brazil , Hong Kong , and El Salvador . ... About 40 percent of the quantity but only 14 percent of the value of total pile towel imports during 1979 were accounted for by bar mops ... Statutory Requirements In Hong Kong, the legal framework of food safety control is laid down in Part V of the Public Health and Municipal Services Ordinance, Cap 132 and its subsidiary legislation. $11.8 billion or 1.9% of its overall imports. According to EastFruit analysts, Hong Kong, which was previously among the world leaders in terms of fresh apple imports, is likely to drop out of the world's top ten importers for the first time in the 2020/21 season. Over the course of several days, I came to realize that Tong Chong is just one symbol of a surprising yet growing phenomenon in Hong Kong: the niche emergence of farm-to-table sensibilities in a place that imports more than 90 percent of its food. China is now the third largest U.S. dairy market.Â, Exports of U.S. pork and pork products to China increased nearly 400 percent over the last decade. Found inside – Page 4Hong Kong was Hong Kong : Imports and Exports Solid growth provides base for January - July , 1970 IMPORTS expanding imports Value Share By J. MICHAEL SPRINGMANN ( million $ ) ( percent ) Far East Division , BIC From world 1,611 100.0 ... However, Britain did not possess sufficient silver to trade with the Qing Empire. The long-term outlook remains positive, as the divergence between China’s growing demand and its constrained production widens, creating opportunities for U.S. exports. endobj China’s slowing economy and bulging stocks are key factors for the decline, as well as a strong U.S. dollar, making American products relatively more expensive. Found inside – Page 27To sustain this growth , Hong Kong will need to continue to import raw materials , semi - manufactured products , and machinery and equipment . The United States remains the Colony's third most important source of imports , behind Japan ... In the short term, bulk imports will be under pressure as China digests its glut of grains and cotton.    Â, Since joining the World Trade Organization (WTO) in 2001, China’s agricultural imports have grown more than tenfold, propelled by economic growth, rising household income, land scarcity, increasing urbanization and changing diet. Hong Kong's import and export trading sector provides services mainly in the form of offshore buying and selling of goods. Exports are growing and have more than doubled over the last 5 consecutive years. There was a high demand for Chinese tea, silk and porcelain in the British market. Top 10 Hong Kong Imports from India. This page is a presenting key statistics of Hong Kong external merchandise trade. India's exports to Hong Kong amounted to. In truth, land-scarce Hong Kong is among the world's most "food-vulnerable" places, importing nearly everything it eats and drinks. Hong Kong is the number 1 importer of telephones (28%), integrated circuits (36%), and office machine parts (26%). Its economy . Yet, officials have been reluctant to legalize the commercial cultivation of GM rice or any of the other crops it has reportedly developed. Its location, free port status, and role as a regional purchasing and distribution center enabled Hong Kong to become a major transshipment hub for other Asian destinations. In the same year the value of its imports was US$183.7 billion for goods and US$11.7 billion for services. Statutory Requirements. Last year, Hong Kong’s food and beverage imports totaled $21.6 billion, with the EU, the United States, China and Brazil as its largest suppliers. oil fish, melamine, mislabeling) and Hong Kong SAR Government's plans to update the Food Adulteration (Metallic Contamination) Regulations , the industry is now shifting . Table reflects only those months for which there was trade. Moving household items and belongingsto Hong Kong is relatively easy. In past 10 years (2011 - 2020) In past 24 Months (August 2019 - July 2021) Hong Kong's Domestic Exports in 2020. U.S. goods exports to Hong Kong in 2019 were $30.8 billion, down 17.5% ($6.5 billion) from 2018 but up 46.2% from 2009. Imports structure to Hong Kong in 2020 represented by the following main commodity groups: 56% (321 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles; 11.7% (67 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances . endobj As a major transshipment hub, its import growth is also tied to market development in neighboring countries, such as China and Vietnam, which helped to fuel the trade growth in recent years. To bridge the rapidly-widening gap between domestic production and soaring consumption, imports grew from virtually nothing in 1990 to 82 million metric tons in 2015, which was greater than 60 percent of total world trade. 2 0 obj U.S. exports to Hong Kong accounted for 2% of overall U.S. exports in 2019. Found insideHong Kong's trade in 1959–60 with its principal trading partners is presented in table 2. Table 3 shows the principal commodity imports for 1959–60 from the world , the United States , and the two leading Table 1. - Hong Kong's Trade ... In addition to bulk and intermediate products, U.S. exports of consumer-oriented products to China also expanded rapidly. At a combined $23.8 billion, China and Hong Kong represent 18 percent of U.S. agricultural exports to the world, up from 10 percent just a decade ago. Found inside – Page 7Along with the increase of imports , domestic cigarette consumption per capita rose from 2,726 in 1958 to 3,325 pieces in 1965 . Chief supplier of leaf tobacco is the United States , whose exports to Hong Kong rose from 3.8 million ... Although self-sufficiency, particularly for strategic commodities such as wheat and rice, remains paramount to the Chinese government, economic reforms and market liberalization have led to booming imports and exports. Â, As China’s overall economy is undergoing structural transition, the agricultural sector is also at a crossroads. Found inside – Page 124Principal items were — Frozen meats, £150,807 ; flour, £102,408 ; butter, £66,814 ; cattle, £22,316 ; bacon and hams ; milk and cream ; onions ; and eucalyptus oil. Hong Kong. Total Imports of Hong Kong Origin, £17,420. Totaled USD 774M, with precious metal watches, jewelry, trunks and cases as the major trading products, the exports to the Hong Kong forms 53% of Macau's total exports. Hong Kong is also an attractive investment destination for Australia. It cost Mr. Lam about 500,000 Hong Kong dollars, or roughly $65,000, to set up City Farm, including all farming materials, an office, piping and wiring. %���� Found inside – Page 192While the size of these export-import trade deficits varies from year-to-year and from country-to-country, such deficits ... Main importers from the developing countries include Hong Kong, Mexico, Korea, China, Singapore, Brazil, ... Macau's huge gaming sector dominates the economy. The United States dominates the tree nut market with a share of nearly 60 percent.   Â, Hong Kong will continue to be a vital hub for U.S. agricultural products. Looking at the trade data, the first major drop in imports occurred in 2011 to 2012. Found inside – Page 6Although Commonwealth countries are of primary importance as customers , Hong Kong also looks to the United States as an important market for textiles ; and the United States looks to Hong Kong as a Western - oriented outpost on the ... Found insideImports by main supplier by main SITC 2 - digit division Re - exports by main destination by main SITC 2 - digit division Domestic exports by main destination by main SITC 2 - digit division Domestic exports by principal commodity ( in ...  These commodities destined for the livestock and poultry industries have been important drivers of China’s impressive import growth, leading China to become the largest U.S. agricultural market in 2010. Details may not equal totals due to rounding. Hong Kong handles a good portion of mainland China's external trade. Feed ingredients such as soybeans, coarse grains, distillers dried grains with solubles (DDGs), and other feeds and fodders constitute more than three-fourths of U.S. exports to China. Macau's huge gaming sector dominates the economy : Gaming revenues recovered significantly mainly due to gaming capacity increases, attracting visits from . Hong Kong exports shrank to HK$3.927 trillion in 2020 from HK$3.988 trillion the year before, while total imports decreased 3.3 per cent to HK$4.269 trillion, according to data published by the . Parallel import means the import of goods from elsewhere for resale in Hong Kong. Hong Kong imports a variety of seafood products from around the world and seafood serves as a major ingredient in local cuisine. Hong Kong is one of the fastest-growing markets for U.S. beef. Month. Meanwhile, China’s regulatory system, characterized by lack of transparency and predictability, has been slow to approve new domestic biotech products for cultivation or foreign products for imports. Importation of cars over 20 years is allowed in Hong Kong as classic cars and they need not meet Euro V emission standard. China is adopting new requirements for traceability, exporter registration and strict controls on unapproved feed additives, weed seeds and foreign matter in cargoes that could be a challenge for U.S. exporters. Given Hong Kong's location and the relocation of Hong Kong's manufacturing bases to the mainland, particularly the Pearl River Delta, mainland China is a major source of offshore trading activities. Between 1990 and 2015, production of meat and poultry nearly tripled, with pork dominating more than two-thirds of the output. Note : Figures may not add up to totals due to rounding. Found insideHONG KONG 1991 POPULATION CENSUS Summary results contains 35 tables, ... Statistics (monthly) 48.00 Hong Kong External Trade (monthly) 68.50 Hong Kong Trade Index Numbers (monthly) 8.50 Hong Kong Trade Statistics 1993: Imports (monthly) ... Australia's major merchandise exports include gold, food and beverages and telecommunications equipment. Besides soybeans, China’s major imports also include vegetable oils, grains and feeds, cotton and hides and skins. exports. 2021 : U.S. trade in goods with Hong Kong. Major services exports include travel (including education exports), business and professional services. April 25 (Reuters) - China's net-gold imports via main conduit Hong Kong more than doubled month-on-month in March, data showed on Tuesday. Hong Kong is the second largest export market for Australia's beauty products after New Zealand, representing 14 per cent of the total exports. Introduction. The site is secure. China is now the world’s third largest agricultural market, after the EU and the United States. At a minimum, the myriad laws and measures are expected to raise the transaction cost of doing business in China.Â, China’s contradictory approach toward biotechnology is another hurdle continually facing U.S. exports. It is also the biggest supplier of imports for Hong Kong (45.1%). Other major agricultural suppliers to China include Brazil (18 percent), the EU (11 percent) and Australia (7 percent). Found inside – Page iv... and full descriptions are available in the Hong Kong Imports and Exports Classification List Common abbreviations used ... of Yemen Democratic People's Republic of Korea Central African Republic Equatorial Guinea African Countries, ... Meanwhile, domestic livestock and dairy production is under increasing pressure from shortage of capital investment, rising feed cost and lack of land. Hong Kong is a major exporter and importer of goods and services in Asia. Source of data: Global Trade Atlas based on Hong Kong Census and Statistics Department The United States was the third and fourth-largest supplier of fresh fruits to Hong Kong by value and by volume, respectively in 2017. The Mainland is our most important food source, especially for fresh food. Hong Kong's shipments of machinery including . Found inside – Page 37U.S. Hong Kong Hong Kong Imports All values in $ millions 2,000 1967 Economy rebounds strongly from 1967 Total $ 1,802 million disturbances ; export growth leads way From U.S. $ 243 million 1,500 Imports U.S. share .13 % By JAMES R. Concurrently, demand for soybeans (mostly for meal and oil) expanded more than 900 percent during the last 25 years, while soybean production only grew 11 percent. A.1. 421 of the laws of Hong Kong are enforced by this . 4. Hong Kong is the seventh-largest U.S. agricultural market, with sales of $3.6 billion in 2015. Market forces have been given free reign, allowing it to develop rapidly. Hong Kong is a small open economy highly dependent upon four key industries - financial services, tourism, trading and logistics, and professional services. As for fresh fruits, our major sources of import are the United States, the Mainland, the NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Hong Kong is the seventh-largest U.S. agricultural market, with sales of $3.6 billion in 2015. 3 0 obj Please click here for factsheets about Hong Kong's Commercial Relationship with Major Trading Partners. Generally speaking, international shipping to Hong Kong whether by air or sea costs less than shipping directly to mainland China. Hong Kong's top 10 exports accounted for 91.9% of the overall value of its global shipments. The economic development of Hong Kong is unusual in a variety of respects. Found inside – Page 400Imports Grow and Grow Estimated imports of the leather products covered in this report in 1978 ( based on data for ... Principal foreign suppliers of leather handbags were Italy , Hong Kong , ROK , Dominican Republic , Brazil , Colombia ... Insight and analysis from FAS's overseas offices on issues affecting agricultural production and trade. In truth, land-scarce Hong Kong is among the world's most "food-vulnerable" places, importing nearly everything it eats and drinks. It was the tenth largest destination for total Australian investment abroad in 2019, worth $6.3 billion. <>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> About 90% of its food supply is imported, according to the . The EU is Hong Kong's second major trade partner after China. Table reflects only those months for which there was trade. As we covered last week, Hong Kongers are eating more meat and dairy than ever before. Exports from Hong Kong were up 26.9% yoy to a record high of HKD 417 billion in July of 2021, mainly boosted by sales of electrical machinery, apparatus and appliances, and electrical parts thereof (33.3%) and office machines and automatic data processing machines (30.3%). The main trade partners of the Philippines include China, Japan, the United States, Singapore and Hong Kong. Hong Kong is a major exporter and importer of goods and services in Asia. Found inside – Page 68Due to the general absence of import duties , Hong Kong does not have rules of origin relating to imports . There are , however , rules of origin requirements with respect to the exportation of goods from Hong Kong . Due to the recent food safety incidents (e.g. Hong Kong businesses see Australia as a safe, reliable and open investment destination with a well-performing and well-managed economy. The products exported to Hong Kong are electronics, electrical appliances, gold, jewelry, machine parts, textiles, fabrics, toys, watches, and clocks. Earlier this year, China began abandoning price support for all commodities except wheat and rice. Hong Kong's Top Imports Here is a breakdown of the most important products imported by Hong Kong, both commodities and other notable imports. Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden. Hong Kong has an export-oriented economy that is heavily based on shipments coming from re-exports. These actions create uncertainties for traders and negatively affect U.S. exports. The United States is the largest supplier to China with a 22-percent market share. Gems and precious metals was the fastest grower among the top 10 export categories, up by 30.4% from 2019 to 2020. . <>>> Hong Kong is one of the most densely populated places in the world. In an effort to reduce risks of potential embargos and give its importers greater latitude to negotiate better prices, China has embraced a strategy to diversify its import suppliers through free trade agreements (FTAs) and import protocols. The main export markets are Hong Kong, mainland China, Vietnam, EU and the United States, while imports originate primarily from mainland China, Hong Kong, EU, Japan and Switzerland. Merchandise trade statistics with EU in 2020 are compiled based on the new coverage and thus not comparable with EU figures in earlier years. The purpose of this guide is to provide general guidance for importers who wish to import milk or milk beverages into Hong Kong. As the largest agricultural exporter, the United States faces increased competition for many products. Found inside – Page 3The only important increases in imports from Canada are found in motor cars and condensed milk. The imports from the United IQingdom for 1917 amounted in value ... $116,000 $398,000 Hongkong and China. 90,000 101,000 Hongkong and China. With per-capita income slightly higher than the United States, Hong Kong is a sophisticated and mature market where demand for high-value products will continue to grow. source: Census and Statistics Department, Hong Kong 1Y 5Y 10Y In recent years, China’s restructuring toward a more consumer-oriented economy has led to a slowdown of GDP growth, which is expected to be 6 percent this year, down from 10.6 percent in 2010 and the lowest rate since 1990.Â, China’s policy to support producers’ income through minimum purchasing prices has led to stock-piling of wheat, rice, corn, cotton and other products in state reserves. Kong trade, and demand in the Hong Kong market. In July, the second month of major protests in Hong Kong, and two months after Beijing imposed import restrictions, China's imports of gold from Hong Kong dropped to 8.085 tonnes. (a) Points to Note. Corn and cotton stocks both amounted to more than half of the world’s total. It has more Rolls Royce per person than any other region in the globe. And the whole operation can be easily moved . Hong Kong is among the richest cities in the world. ; In 2019 6, Hong Kong was the world's 18 th largest commercial services trading entity while Australia ranked 22 nd. Given Hong Kong's proximity and the relocation of Hong Kong's manufacturing bases to the Mainland, particularly the Pearl River Delta, Mainland China is a major source of offshore trading activities. Found insideThe six principal fire and casualty Insurance companies reported a total of 9 , 480 policies in force as of ... The leading suppliers of south Korean private imports in 1948 were the United States , Hong Kong , China , and Sweden . stream Found inside – Page 239Chekiang Province . hare dacilised TOATE POTI *** in 184 wins bebek are Shanghai Iron Works Fails med end leading bankers and industrialists of that Province ... Silver imports from Hong Kong Jected national paper mill at Wen - Chi . <> 3. Hong Kong re-exported $7.7 billion, or about one-third of its agricultural imports, chiefly to China and Vietnam.Â. This is due to the continuing decline in re-exports of fresh apples to China for four seasons in a row and competition from other fruits in the market. Its largest exports consist of processed fruit and vegetables, fresh fruit and vegetables, prepared red meat and snack foods. Imports of fuel oil to Hong Kong almost doubled in May from the previous month ahead of its authorities easing restrictions on bunkering there.. Fuel oil imports totalled 604.7 million litres in May, up by 96.1% from April's level but down by 28.6% from the same month a year earlier, according to the latest data from Hong Kong's Census and Statistics Department. * Starting from February 2020, the United Kingdom is no longer a member of European Union (EU), leaving the 27 original members viz. China is the world leader in genetically modified (GM) rice research, and the latest Five Year Plan features prominent support for biotechnology. The primary motive of British imperialism in China in the nineteenth century was economic. Found insidePage 145 147 151 153 155 165 169 171 173 175 177 179 181 183 185 GTA 、圖表GRAPH 1 香港對外貿易 HONG KONG ... 的進口貨值三十六按用途類別及主要來源地劃分的進口及轉口貨值 Tables 35 Imports by end - use category by main supplier 36 Imports ... We are now working towards making Hong Kong a shark fin free zone in the next decade or less," Tracy Tsang, WWF-Hong Kong's senior programme officer for Oceans Sustainability said. Hong Kong was the EU's 20th largest trading partner in goods in 2018 and ranked as the EU's 8th trading partner in Asia. Hong Kong International Airport speeds up this process by providing integrated Electronic Data Interchange (EDI) with eight major air cargo operators and the Customs & Excise Department, which allows pre-arrival customs clearance for all types of cargo. Hong Kong was the United States' 15th largest goods export market in 2019. Mineral fuels including oil: $514.2 million. Federal government websites often end in .gov or .mil. Tree nuts, beef, poultry and fresh fruit lead U.S. agricultural exports to Hong Kong. Please click here for factsheets about Hong Kong's Commercial Relationship with Major Trading Partners. 2021 : U.S. trade in goods with Hong Kong. Found inside – Page 460Revenue Division issued in the name of the importer or 1 percent of CIF payment fee, tax identification number (TIN) from the ... Hong Kong, Belgium, United Kingdom, India, China Imports: $77.59 billion Major Imports: raw materials, ... U.S. imports of services from Hong Kong were an estimated $11.6 billion in 2019, 3.5% ($396 million) more than in 2018, and 103% greater than the 2009 level. ; Hong Kong safe, reliable and open investment destination with a share nearly. Fresh food and includes the quota price import milk or milk beverages into Hong Kong & # x27 ; Commercial! Include travel ( including education exports ), with almonds and walnuts leading the growth. Trading Hong... Government site foreign market demand for Chinese tea, silk and porcelain in the century! Began abandoning price support for all commodities except wheat and rice was perfumes and cosmetics via a 22.8 gain! And Vietnam s Position in world merchandise trade changed to include more meat and dairy production is under pressure. For wine and beer Page is a presenting key statistics of Hong Kong is unusual in a variety seafood. 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