Trade Policy and Regulations in Hong Kong SAR
Foreign Trade in Figures
Hong Kong's economy is considered a model of capitalism because of its dedication to free trade.Trade represents more than 400% of the GDP. Hong Kong belonge among the fifteen top exporters of trade services and the first fifteen trade-based economies in the world.
Foreign trade was pursued intensively during these past years. Structurally in a deficit, the trade balance of Hong Kong has worsened due to the quicker rise in imports.
The island's main trade partners are China, Southeast Asia and Japan.
|Foreign Trade Indicators||2006||2007||2008||2009||2010|
|Imports of Goods (million USD)||335,754||370,132||392,962||352,241||442,035|
|Exports of Goods (million USD)||322,669||349,386||370,242||329,422||401,022|
|Imports of Services (million USD)||36,905||42,450||46,918||44,379||51,225|
|Exports of Services (million USD)||72,674||84,643||92,048||86,306||108,000|
|Imports of Goods and Services (Annual % Change)||9||9||2||-||-|
|Exports of Goods and Services (Annual % Change)||9||8||3||-||-|
|Trade Balance (million USD)||-14,033||-19,701||-23,117||-26,862||-|
|Current Account (million USD)||22,928||25,532||29,317||18,278||-|
|Foreign Trade (in % of GDP)||400||405||414||-||-|
|Imports of Goods and Services (in % of GDP)||194||197||202||-||-|
|Exports of Goods and Services (in % of GDP)||206||208||212||-||-|
Source: WTO - World Trade Organization ; World Bank
Main Partner Countries
(% of Exports)
|United Arab Emirates||0.8%|
|Other partnersClose extended list||27.7%|
(% of Imports)
|Other partnersClose extended list||31.8%|
- Main International Economic Cooperation
- Member of
World Trade Organisation
Member of APEC. Hong Kong has signed a free trade agreement (CEPA) with New Zealand.
- Assessment of Commercial Policy
The WTO pages dedicated to Hong Kong
Barriers of European Union
Health and phytosanitary barriers
Barriers registered by United States
- Average Customs Duty (Excluding Agricultural Products)
In conformity with the status of Free Port, Hong-Kong does not impose customs duty on entry of general goods in its territory. Only some goods are subjected to payment of the following duties:
- Tobacco: tax calculated on the volume.
- Spirits (alcohol 30%): 100% of the CIF value.
- Wines: from 60% of the CIF value to 0% in 2008.
- Beer: 30% of the CIF value
- Petroleum products: tax calculated on both volume and value
For further information visit the Customs website.
- Useful Resources
- National Organization of Intellectual Property
- Intellectual Property Department for patents and trademarks
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