Hong Kong

Hong Kong flag

Map of Hong Kong

General Overview

Population:

7,122,508 (July 2011 est.)

GDP (purchasing power parity):

US $327 billion (2010 est.)

GDP per capita (PPP):

US $45,600 (2010 est.)

GDP (real growth rate):

6.8% (2010 est.)

Industries:

  • Textiles
  • Clothing
  • Tourism
  • Banking
  • Shipping
  • Electronics
  • Plastics
  • Toys
  • Watches
  • Clocks

Imports:

US $431.4 billion (2010 est.)

Import commodities:

  • Raw materials and semi-manufacture
  • Consumer goods
  • Capital goods
  • Foodstuffs
  • Fuel (most is re-exported)

Exports:

US $388.6 billion (2010 est.)

Export commodities:

  • Electrical machinery and appliances
  • Textiles
  • Apparel
  • Footwear
  • Watches and clocks
  • Toys
  • Plastics
  • Precious stones
  • Printed material

Alberta's exports to Hong Kong:

CDN $86.1 million (2010)

Alberta's main exports to Hong Kong:

  • Beef
  • Polymers of ethylene
  • Canola
  • Hides and skins
  • Telecom equipment
  • Electronics
  • Pork
  • Gas or smoke analysis apparatus
  • Radio navigational aid apparatus
  • Wheat

Canada's main exports to Hong Kong:

  • Nickel
  • Gold
  • Mink fur skins
  • Pork
  • Newsprint
  • Plastic polymers
  • Wood pulp
  • Beef

Information about Hong Kong

CIA World Factbook
Detailed information about Hong Kong's economy, political system and history.

Export statistics

Alberta's International Trade Review
An analysis of Alberta's international exports of goods and services. Published by Alberta International and Intergovernmental Relations.

Trade Data Online
Customized reports on Canada's trade with over 200 countries.

Alberta-Hong Kong relations

A significant market in its own right, Hong Kong also serves as an entry for Alberta business to mainland China and other parts of Asia.

World Relations
A summary of Alberta's relationship with Hong Kong.

Sector opportunities for Alberta businesses interested in exporting their products

The Closer Economic Partnership Arrangements (CEPA) between Hong Kong Special Administrative Region (HKSAR) and the mainland of China provides Hong Kong with the comparative advantage in three areasÑgoods, trade in services and investment facilitation. Hong Kong companies are given easier access to the mainland market, typically in the service sectors.

  • Agrifood: Food consumption trends in Hong Kong suggest growth in meat, private label grocery items, healthy and even organic foods. Growing consumer demand for convenience foods also translates into markets for prepared foods and sauces. Alberta and Canada have built the distinct image as the supplier of clean and safe products for the market. Alberta beef has some inroads into the market, through persistent marketing efforts. Other notable products include canola oil, pork hock, flour, and raw hides and skins. There is a growing demand for quality functional foods and nutraceuticals in the Hong Kong market.

  • Architecture/construction/engineering services: Hong Kong is planning substantial infrastructure projects, including improved cross-border links, railway systems, environmental services and new container terminals. Accompanying these activities are ever-present housing demands. To support these projects, services from consultants, building professionals, engineers, and construction companies are in high demand.

  • Construction products and services: Hong Kong`s construction market is heavily dependent on imported building materials as there are no locally manufactured construction products in Hong Kong. Market access into Hong Kong is very open with minimal government restrictions on foreign participation in highway development. Canadian firms have shown some success in the supply of building materials, including veneer and wallboard, heating and ventilation equipment, carpets and hardwood flooring, wall coverings, and plumbing supplies. Competition is intense and a local presence is important. Price is a major consideration.

  • Education and corporate training: Quality education products and services from Alberta and Canada are of great interest to Hong Kong and mainland China. Thousands of Hong Kong students, primarily post-secondary and secondary students come to Alberta for education and English language training. Alberta's advantage in this market can be further expanded into corporate training programs for the corporations and government alike. IT in education and public administration are identified as areas of potential.

  • Environmental goods and services: The Hong Kong government is committed to various environmental programs designed to control air, water, sewage, and solid waste problems. The city is about to introduce a charging scheme for waste disposal, a more efficient waste sorting system, and government-led incentives and facilitation to breed the recycling industry.

  • Forestry products: Hong Kong is completely dependent on imported paper products. With 6% annual growth in the publishing industry expected to continue, the demand for high quality and environmentally friendly paper products will continue.

  • Furniture and furnishings: The total market value of office furniture in Hong Kong is approximately $245 million. There are no tariff barriers, or import quotas for office furniture. Certification is not required in this area.

  • Information and communications technology (ICT): Alberta companies have registered impressive gains in communications and IT equipment, notably remote terminal units (RTU) for the utilities companies, interconnect devices, and computer software. Advanced Alberta products such as wireless communications equipment for networking and multi-media presentation equipment will enjoy a healthy growth in the market.

  • Medical and scientific equipment: Growth of Hong Kong's hi-tech manufacturing base is increasing the demand for medical and scientific instruments. This demand is important for product development, laboratory analysis and quality control. Hong Kong's medical and health standards have risen considerably in recent years and are among the best in the world. Hong Kong relies entirely on imports for all of its medical equipment. Large portions of its imports are re-exported to China.

  • Telecommunications Equipment and Services: Canada is now a major supplier of telecommunications equipment to Hong Kong, including switching, PBXs, data communications and systems engineering. Canada is a major contender in many large telecommunications projects and is actively pursuing business in the area of cable television, satellite communications, and cellular voice and data products.

Services for exporters

Canada Business
Online tool for new and experienced exporters.

The Canadian Commercial Corporation
Crown corporation that promotes and facilitates international trade on behalf of Canadian industry.

Export Alert!
A resource for exporters to learn about changes in foreign export regulations.

Export resources
Resources for both new and experienced exporters.

International Trade Canada
Sector reports as well as a list of staff contacts that can assist exporters.

Services in Hong Kong