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 largest airport in terms of cargo throughput and the third largest stock market in Asia (the 7th largest in the world). Hong Kong is the most important regional centre in Asia. As of June 2013, there were 3,883 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 2012 of US$502 billion, and exports of US$440 billion. Hong Kong's service sector registered imports of US$58 billion and exports of US$128 billion in 2012. 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 2012, Canada exported C$2.4 billion in goods to Hong Kong, making it our 11th largest export destination for goods, and probably higher in terms of services. Hong Kong companies have cumulative investments in Canada of $6 billion. In addition to having a strong domestic market, Hong Kong also remains an important door to the Chinese market. Hong Kong importers often take Canadian products into China. Sales in Hong Kong can also be used to showcase Canadian products and technologies to buyers in China. Hong Kong is a logical starting point for Canadian firms interested in getting a foothold in Asia.
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