Hong Kong: Exporter Guide Annual

  |   Attaché Report (GAIN)   |   HK2024-0040
In 2023, the Hong Kong economy grew 3.2 percent year-on-year, slower than the government’s economic forecast. The economy has not fully returned to pre-pandemic levels due to weak domestic consumption and lagging challenges in the import and export trade. Last year, Hong Kong imports of global consumer-ready food products continued to fall, dropping 2.1 percent to $20.5 billion compared to 2022, and reaching only 86 percent of total global imports in 2019. As of the first quarter of 2024, Hong Kong’s economy grew 2.7 percent year-on-year. The return of 34 million international visitors in 2023 has contributed to the economic recovery, allowing it to catch up to 60 percent of the tourism level in 2019. Notably, the United States continues to hold its position as the third-largest supplier of consumer-oriented food products to Hong Kong.

Related Reports

Attaché Report (GAIN)

Thailand: Grain and Feed Monthly

Thai rice export prices are trending up, with the premium grades, such as Hom Mali rice, showing the most significant increase.
FAS Accra (Post) successfully facilitated the transit of a small herd of high-value, reproductive Texas-bred V8 Brahman cattle. The cattle round-up started out in Texas making its way via Chicago to Doha with landfall in Coastal West Africa's Accra (Ghana). Post's expeditious intervention expedited Ghanaian (ECOWAS) import permits and sanitary clearances, as well as transit authorizations.
This report provides an overview of Hong Kong’s agricultural imports and re-exports.