Hong Kong: Exporter Guide Annual
Link to report:
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.
