Search Issues
 |
 |
 |
|
Victoria Harbour
|
The Peak
|
Hong Kong ConventionExhibition Centre
|
Economic Situation
Hong Kong is situated at the south-eastern tip of Chinese Mainland, in the centre of East Asia, with a total area of 1,104 square kilometres. The territory comprises Hong Kong Island, Kowloon Peninsula, and the New Territories (including 262 islands), with a population of more than seven million. It is an international business, trade and financial hub. The Hong Kong economy stayed robust in the first quarter of 2011, leaping by 7.2% over a year earlier, the total exports of goods increased by 16.8% in real terms in the first quar ter of 2011 and expor ts of services grew briskly by 9.1% year-on-year in real terms in the first quarter of 2011. Financial services, trading and logistics, tourism, manufacturing and professional services are the four key Industries in the Hong Kong economy.
Cultural and creative industries, medical services, education services, innovation and technology, testing and certification and environmental industries are six industries in which Hong Kong enjoys clear advantages.
Business Opportunities:
Banking
Hong Kong is an international financial centre with an integrated network of financial institutions and markets. It maintains and hasdeveloped a sound legal, regulatory, infrastructural and administrative framework, to provide a level playing field for all market participants. Hong Kong is an international financial centre; it has one of the highest concentrations of banking institutions in the world. At the end of December 2010, there were 146 licensed banks, seventy of which are among the largest 100 in the world.
Service Sector
Hong Kong’s service sector is well developed. The exports of services comprise mainly merchanting sales and other trade-related services, transportation and travel services. Exports of financial and other business services surged on the back of strong growth in cross-border financing and sustained external demand for commercial and professional services. Exports of travel services likewise grew apace, thanks to strong tourist arrivals from Asia as a whole and a further increase in arrivals from the long-haul markets.
Industry and Commerce
Hong Kong is also one of the world’s leading exporters of a wide range of consumer goods, including textiles, clothing, toys, timepieces and jewellery. About 80 per cent of Hong Kong’s manufactured products are for export. Merchandise exports regained strong growth momentum in the first quarter of 2011 thanks to the robust demand and production activities in Asia as well as the continued financial recovery in the US and Europe. But also evident was the increasing role of China as a source of final demand in Asia.
Tourism
Tourism is one of Hong Kong’s economic pillar. Hong Kong is a unique meeting place of East and West. It offers a diversity of travel experiences, from shopping to dining, countryside pursuits, arts, cultural and sports events, as well as a unique architectural heritage. For the entire 2010, visitor arrivals hit a new record of 36.03 million, representing an annual growth of 21.8% over 2009. Visitors were mainly from the Mainland, followed by Taiwan, Japan, Korea and other regions.
|
MAIN ECONOMIC INDICATORS 2010
|
|
| Gross Domestic Product (HK $ million) | 1,735,399 |
| Real GDP growth (%) | 7 |
| GDP per capita (hk$ billion) | 1,784.7 |
| Inflation (%) | 2.4 |
| Land area (sq km) | 1,104 |
| Population | 7,097,600 |
Source: Census and Statistics Department website
FOREIGN TRADE FROM 2006 TO 2010
|
Year
|
Total Trade
|
Exports
|
Imports
|
|
2010
|
6,395.8
|
3,031.0
|
3,364.8
|
|
2009
|
5,161.5
|
2,469.1
|
2,692.4
|
|
2008
|
5,849.5
|
2,824.2
|
3,025.3
|
|
2007
|
5,555.5
|
2,687.5
|
2,868.0
|
|
2006
|
5060.8
|
2,461.0
|
2,599.8
|
Major Export Commodities: Telecommunication equipment, Jewellery, gold and silver products, and other articles of precious or semi-precious materials, Electrical machinery, apparatus and appliances, and electrical parts Textile yarn, fabrics, ready made garments and related products
Main Import Commodities: Raw materials and semi-manufactures, Capital goods, Consumer goods, Foodstuff, Fuels
|
Main Destinations For Exports
|
%
|
|
Mainland China
|
51.2
|
|
USA
|
11.6
|
|
Japan
|
4.4
|
|
Main Origin Of Imports
|
%
|
|
Mainland China
|
46.4
|
|
Japan
|
8.8
|
|
Taiwan
|
6.5
|
|
Singapore
|
6.5
|
|
USA
|
5.3
|
Source: https://www.cia.gov/library/publications/the-world-factbook/geos/hk.html
MAINLAND CHINA – HONG KONG TRADE STATISTICS
|
Year
|
Total
|
Exports
|
Imports
|
|
2011 Jan-Mar
|
614.2
|
576.2
|
38.0
|
|
2010
|
2305.8
|
2183.2
|
122.6
|
|
2009
|
1749.5
|
1662.3
|
87.1
|
Source: Ministry of Commerce of the People’s Republic of China http://zhs.mofcom.gov.cn/tongji.shtml]http://zhs.mofcom.gov.cn/tongji.shtml
MACAO – HONG KONG BILATERAL TRADE 2010
|
Type of Trade
|
Weight ( kg)
|
Macao Pataca
|
|
Imports
|
121,702,421
|
4,627,935,735
|
|
Exports
|
147,060,133
|
3,002,558,372
|
Source: The Statistics and Census Service http://www.dsec.gov.mo/]http://www.dsec.gov.mo/
MAJOR WEBSITE RECOMMENDATIONS
GOVHK
http://www.gov.hk/
SOURCE:
GOVHK
http://www.gov.hk/
Census and Statistics Department
http://www.censtatd.gov.hk/home/index_tc.jsp
Hong Kong Tourism Board (HKTB)
http://www.discoverhongkong.com/tc/
The Statistics and Census Service
http://www.dsec.gov.mo/
