Trade Commissioner Service - Hong Kong, SAR
Hong Kong's well-educated, English-speaking and internationally focussed business community controls huge flows of goods, services and investments. Hong Kong has a strong services sector with a full range of modern business services. It is the home of the world's busiest airport in terms of cargo throughput and the fourth largest stock market in Asia (the8th largest in the world). Hong Kong is the most important regional centre in Asia. As of June 2015, there were 3,798 regional headquarters (RHQs) and regional offices (ROs) in Hong Kong representing their parent companies located outside Hong Kong. Hong Kong ranks consistently within the world's top 10 trades of goods, with imports in 2015 of US$519 billion, and exports of US$462 billion. Hong Kong's service sector registered imports of US$62 billion and exports of US$138 billion in 2014. Hong Kong offers a tremendous array of business opportunities, and is an excellent platform for doing business in Asia.
Hong Kong offers excellent commercial opportunities to Canadian firms. In 2015, Canada exported C$3.9 billion in goods to Hong Kong, making it our 8th largest export destination for goods. In addition to having a strong domestic market, Hong Kong plays an important role as a trading hub and gateway in the region. According to statistics published by the Census and Statistics Department of the HKSAR Government, in 2015 about 88% of Hong Kong’s overall imports are re-exported elsewhere, with China being the largest final destination. Hong Kong, therefore, is a logical entry point for Canadian companies interested in getting a foothold into China and Asia writ large. Many Canadian companies partner with Hong Kong-based distributors and agents who import Canadian products and ship them to China. Not only does Hong Kong serve as a trading hub where transactions are conducted, but it also provides a platform to showcase Canadian products and technologies to buyers from the region. Furthermore, many Canadian companies choose Hong Kong as a base for their Mainland China and regional operations for a range of reasons, including the transparent regulatory framework, vibrant labour market, monetary stability and 0% average tariff rate, resulting in one of the world’s most open economies for trade and investment.
From Hong Kong, we also cover Macao.
Leading Opportunity Sectors
We serve Canadian clients in all sectors. Based on our knowledge of the market, the following sectors offer the greatest opportunities for Canadian companies:
Aerospace | Agriculture, Food and Beverages | Cleantech | Education | Information and Communications Technologies | Life Sciences
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