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Hong Kong -- Business at the Speed of Light

Hong Kong Harbor

For U.S. companies looking to do business in Asia, Hong Kong and the neighboring China market are difficult to ignore. The U.S. Commercial Service is pleased to announce Hong Kong as its first market of the month.

The keys to Hong Kong’s economic success lie in its liberal market philosophy, market transparency, free flow of information and strong legal system. Hong Kong is a ‘free port’, with virtually no duties or tariffs, allowing U.S. businesses to easily reach its 6.8 million consumers. Since China's accession to the World Trade Organization, Hong Kong has been well positioned to play a key role for U.S. firms wishing to expand to one of the world's fastest-growing markets.

News Feature:

Hong Kong at a Glance:

Hong Kong at a Glance
1999
2000
2001
2002
Population (mil)
6.6
6.7
6.7
6.8
Gross Domestic Product (US$ Bil)
157
163
162
169
GDP Per Capita (US$)
23,824
24,375
23,571
24,544
Real GDP Growth
3.0
10.5
(0.3)
1.0
Consumer Price Index (% change)
(4.0)
(3.8)
(1.6)
(2.8)
Unemployment (%)
6.2
4.9
5.5
7.4

Michigan Exports to Hong Kong

Item 1999 2000 2001 2002 2003 2004
Product Total 156152071 142263613 146831054 143312036 125388725 156517205
334 Computers & Electronic Prod. 11591073 14712863 19109162 30695868 27432681 24816273
339 Misc. Manufactures 7480694 10064340 9759468 13043058 11936106 23125421
325 Chemical Manufactures 62055117 48414324 39229398 27957800 19307910 22131791
311 Processed Foods 1444076 2957619 2131234 16389113 11490102 19849083
336 Transportation Equipment 17267861 5931302 2250248 9350169 8328174 17115709
333 Machinery Manufactures 10332294 18291717 20155259 13884325 11950904 16582152
331 Primary Metal Manufactures 1114091 1966811 925999 529650 7233391 7027996
335 Elec. Eq.; Appliances & Parts 1680740 2717445 9139046 8921527 6156447 4239792
332 Fabricated Metal Products 2965371 2601410 4724302 1968196 2848961 3235312
327 Non-Metallic Mineral Mfgs. 2394866 2832355 4242708 3249924 3644211 2902965
990 Spec. Classification Provisions 978698 1070272 512778 1946935 2338292 2865258
337 Furniture & Related Products 8438356 9566929 5468520 1811715 1460214 2415766
910 Waste & Scrap 1115231 706739 1690980 4124340 3502744 2219147
326 Plastic & Rubber Products 1388834 571783 1461844 1507297 1871073 1788938
322 Paper Products 1002636 928159 1963288 2703891 2654681 1645406
323 Printing & Related Products 448471 616789 1179131 890789 410376 948192
316 Leather & Related Products 20751565 12574717 16390689 1973698 1031448 858092
315 Apparel Manufactures 790347 38168 104551 59196 93697 823478
321 Wood Products 2182676 987006 872861 770864 551611 698980
313 Fabric Mill Products 121484 292061 176479 704624 211133 412196
324 Petroleum & Coal Products 343919 3568871 5048129 461017 625275 332337
112 Animal Production 0 806360 204455 127996 77439 159303
920 Used Merchandise 3300 10197 25774 19077 0 148500
511 Publishing Industries 0 11066 0 0 0 79175
113 Forestry & Logging 3571 15720 0 74093 175875 66762
314 Non-Apparel Textile Products 63083 8590 59502 143753 42030 29181
312 Beverage & Tobacco Products 74578 0 0 0 0 0
211 Oil & Gas Extraction 3089 0 0 0 0 0
212 Mining 37300 0 5249 3121 0 0
111 Crop Production 78750 0 0 0 13950 0

Trade Events:

U.S. Commercial Service - Hong Kong

26 Garden Road, Central, Hong Kong
Tel: (852) 2521-1467 Fax: (852) 2845-9800
Email: Hong.Kong.Office.Box@mail.doc.gov
Website: http://www.buyusa.gov/hongkong

Other Useful Contacts

Hong Kong Trade Development Council
http://www.tdctrade.com
hktdc@tdc.org.hk

American Chamber of Commerce in Hong Kong
http://www.amcham.org.hk
amcham@amcham.org.hk

Invest Hong Kong
http://www.investhk.gov.hk
enq@InvestHK.gov.hk

Additional Information

 

Date Updated: March 27, 2007

 
 

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