Browse Data and Analysis

Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: Improved Sentiment Among Hong Kong Small and Medium-Sized Enterprises; Hong Kong Tourism Sector Expects Travel To Rebound 70 Percent

In 2022, Hong Kong was the world’s tenth largest spirits importer, with global imports recovering 7 percent year-on-year and valued at $502 million. From 2020-2021, Hong Kong’s imports and domestic sales of spirits were seriously hampered under the COVID-19 pandemic, as most restaurants, pubs, and bars were closed due to stringent dining, social distancing, and travel restrictions.

Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: Hong Kong Consumers Celebrate the Holidays with Alaskan Seafood; Hong Kong Economy Contracts in 2022 But Gradual Recovery Expected

Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: Hong Kong’s International Wine & Spirits Fair Returns; 2023 Economic Turnaround Predicted for Hong Kong; Hongkongers Optimistic About Household Finances But May Still Cut Back Spending

Despite its small population of 7.4 million, Hong Kong is the seventh-largest export market for U.S. consumer-oriented agricultural products. Hong Kong remains an attractive market for innovative U.S. food and beverage products as well as a gateway to the region.

Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: SUSTA Brings Southern Flavors to Retail Consumers; Hong Kong Drops On-Arrival PCR Test and Vaccine Pass, the City to Reopen its Border with Mainland...

U.S. beef exports to East Asia in 2022 are again on record pace after a record year in 2021. Despite economic uncertainties due to the COVID-19 pandemic, continued global supply chain challenges, and a competitive global beef market, U.S. beef exports to East Asia, both in value and volume, were outstanding in the first half of 2022.

Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: ATO Concludes 2022 Delicious USA Campaign; Hong Kong Scraps COVID-19 Mandatory Contact-Tracing App and Movement Restrictions on International Arrivals

In the past year, Hong Kong did not have any policy changes to regulations pertaining to genetically engineered (GE) products, while monitoring the development of synthetic biology. Hong Kong does not maintain specific regulations for GE products, which are subject to the same food regulations of conventional foods.

From January – September 2022, U.S. agricultural and food exports to Hong Kong declined 16 percent to $1 billion compared to the same period last year. During this same period, Hong Kong’s ranking as a U.S. agricultural and food export market slid from 15th in 2021 to 25th in 2022. However, the city held its rank as the 7th largest export market for U.S. consumer-ready food products.

The United States Becomes Hong Kong’s Top Ginseng Supplier; Hong Kong Travel Agency Predicts Comeback of Travel Business; Finance Minister Confident in Hong Kong’s Economic Fundamentals; Hopes for Normalcy Drive Sales of Hong Kong Shops; Macau to Ditch ‘Gambling Hub’ Image in Next Decade; Macau’s GDP Dropped 33 Percent to $4.6 Billion in Third Quarter

Hong Kong is revising its residue limits for heavy metals and pesticides in Chinese herbal medicines in adherence with China’s Pharmacopoeia (2020 Edition). Effective December 31, 2023, ginseng products will be subject to revised limits on heavy metals. Stricter limits for DDT (pesticides) will be conducted in two phases starting December 31, 2026.