Hong Kong: Retail Foods
Link to report:
Despite a small population of 7.4 million people, Hong Kong is the seventh-largest export market for U.S. consumer-ready agricultural products. Hong Kong has always been an attractive market for innovative U.S. food and beverage products as well as a gateway to the region. Despite the adverse impact of COVID-19, in 2021, Hong Kong’s retail food sales dropped only 5 percent to $12 billion. The Hong Kong government has launched multiple stimulus measures to help residents and businesses cope with the challenges of the pandemic. As the pandemic situation improves, Hong Kong’s economy is expected to pick up in the latter half of 2022.