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Get to Know Hong Kong

International trade success is not only about you and your customers. Learn business facts about the countries that you trade with and familiarize yourself with the different business practices, cultures, customs and economics.

At a Glance

Though it is home to just 7.1 million people (2010) and has a total territory of 1,104.3 square kilometers, including Hong Kong Island, Kowloon, the New Territories and numerous small islands, Hong Kong is an international trade powerhouse. Its 2010 workforce of 3.65 million people is concentrated in wholesale, retail, import/export trades (24.9%); restaurants and hotels (7.5%); transportation, storage, postal and courier services, information and communications (11.7%) finance, insurance, real estate and business services (18.7%); public administration, social and personal services (25.5%); construction (7.7%); and manufacturing (3.5%).

Financial Facts
  • Hong Kong’s 2010 GDP of US$223.6 billion
  • Grew 7.0% over 2009, translates to a per capita GDP of US$31,632
  • The surplus for fiscal year 2010-11 was US$9.1 billion or 4.1% of GDP, attributed to the robust economy, increased corporate profits and salaries, the buoyant stock market and a stable property market

Hong Kong’s economic strengths, according to the U.S. State Department, include a sound banking system, virtually no public debt, a strong legal system, ample foreign exchange reserves and an able and rigorously enforced anti-corruption regime…. It continues to take measures designed to improve its attractiveness as a commercial and trading center.

Perhaps you’re interested in establishing a partnership with one of Hong Kong’s exporters. You may be considering joint ventures with Hong Kong companies, franchise or licensing opportunities or sales of your products and services in Hong Kong. Whatever your interests and needs, the resources provided here will lead you to information that can support your entry into this market.

The Federation of International Trade Associations rates Hong Kong as the world’s eleventh largest trading hub, thirteenth largest banking center and second most attractive destination for foreign direct investments in Asia. The organization also notes, the agriculture sector is almost non-existent in Hong Kong which has to import 80% of its food supplies. Hong Kong does not possess any natural resources and is entirely dependent on imports for raw materials and energy. In fact, imports and exports (including re-exports) exceed the country’s GDP. Enterprising importers and exporters in key sectors may find opportunity in this growing market.