Hong Kong: US Agricultural and Food Exports to Hong Kong

Hong Kong’s imports of U.S. agricultural and food products declined drastically, 33 percent, between January – October 2020 compared to the corresponding period in 2019. Hong Kong’s imports from other major supplying countries did not decline by such a significant magnitude. Brazil, Chile, and Japan even experienced a slight increase of 0.64, 0.21, and 4.12 percent, respectively. Despite opposing trends of competitors, this report will clarify the myth of U.S. declining trade exports to Hong Kong. Hong Kong is an important market for the United States and has been serving as a critical entrepôt during the U.S.-China trade disruptions.

Hong Kong: US Agricultural and Food Exports to Hong Kong