HONG KONG is known as the Pearl of the Orient and is a popular tourist attraction besides being an important financial centre of world trade. With it's excellent transportation facilities, HKG has become a logistics hub to link the Mainland with the world for many years.
It now serves as a key gateway in to the mainland and as a major shipping port for Southern China goods. For DFS it is a key Sea and Air port and we offer full facility logistics to all clients.
Heathrow Airport to Hong Kong Airport
+45 kg | +100 kg | +500 kg | +1000 kg |
N/A | 0.62 | 0.57 | 0.52 |
Please check our dedicated Hong Kong Imports page:
Hong Kong imports to UKHong Kong is the world’s eighth largest trading economy and one of Asia’s leading financial and business centres.
It has been ranked as the world’s freest economy in the Index of Economic Freedom for 20 consecutive years.
About 120 British companies have regional headquarters in Hong Kong. Another 200 have regional offices.
Benefits for UK businesses exporting to Hong Kong include:
Strengths of the Hong Kong market include:
Hong Kong is ranked third in the World Bank’s Ease of Doing Business index. It presents fewer challenges for UK companies than most overseas markets.
Hong Kong is an open economy and an international financial centre that acts as a conduit into and out of China for both goods and capital.
Hong Kong’s growth has averaged 4.5% over the last 10 years. The growth forecast for 2015 is 1 to 3%.
The economy grew 2.5 % (year-on-year) during 2014. Growth in 2015 is expected to be constrained by the slow global economic recovery impacting on exports of goods. Domestic demand will remain stable.
The 4 main economic sectors of Hong Kong are:
These sectors combined provide 57% of Hong Kong’s Gross Domestic Product (GDP). The services sector now accounts for 93% of Hong Kong’s GDP.
The economy was boosted by 61 million visitors in 2014 which included 48 million from Mainland China. This is equivalent to around 8.4 times Hong Kong’s population.
Hong Kong’s economy is separate from that of Mainland China. It has its own:
However, Hong Kong’s economy is becoming increasingly connected with mainland China’s through the Closer Economic Partnership Agreement (CEPA).
The Hong Kong economy has been transformed over the past 2 decades. Much of its manufacturing has moved to the neighbouring PRD region of southern China.
Hong Kong is a springboard into the Chinese market. It is also a business hub for the Asia Pacific region. Hong Kong is:
Hong Kong is the second largest Foreign Direct Investment (FDI) recipient in Asia, after mainland China. It has held this position for 14 consecutive years. Annual FDI into Hong Kong amounted to USD 77 billion in 2013.
CEPA is the first free trade agreement ever concluded by mainland China and Hong Kong. It aims to liberalise markets for goods and services.
All products of Hong Kong origin, except for a few prohibited articles, can be imported into the mainland tariff free under CEPA. Hong Kong service suppliers enjoy preferential treatment in entering into the mainland market in various service areas. There are also agreements or arrangements on mutual recognition of professional qualifications.
Hong Kong has signed a comprehensive FTA with the European Free Trade Association(EFTA). This agreement is Hong Kong’s first with the European economies.
UK goods exports were £6.3 billion in 2014, an 11% increase on 2013. Hong Kong is the UK’s second largest market for goods in Asia Pacific (after Mainland China), and 11th largest worldwide.
The top UK exports to Hong Kong in 2014 were:
The majority of these items are ultimately destined for other markets in Asia and around the World. In 2013 the value of goods re-exported by Hong Kong was 86% of the value of goods that it imported.
Department for International Trade (DIT) provides free international export sales leads from its worldwide network. Search for export opportunities.
Visit the website of the Treasury Branch of the Financial Services and Treasury Bureau for details of government tenders for goods and services. It also provides a guide to government procurement in Hong Kong.
Department for International Trade (DIT) has identified 7 High Value Opportunities(HVOs) for British business in Hong Kong with opportunities worth well over £5billion a year.
Hong Kong’s Chek Lap Kok international airport was opened in 1998. However, it’s nearly operating at capacity as the region becomes an ever busier global hub for business, trade and tourism.
A third runway expansion project is now underway at a cost of over £11 billion to provide essential capacity beyond 2025 when it’s expected to be completed. Construction of the third runway on reclaimed land and the redevelopment of Terminal 2 are expected to commence in 2016.
Project requirements include:
Contact the Department for International Trade (DIT) Hong Kong at [email protected] for more information on opportunities at Hong Kong’s international airport.
Hong Kong’s government is currently developing a strategy to tackle environmental issues. This is through the development of schemes for:
Hong Kong has a rapidly aging population. It’s interested in increasing cooperation on healthcare offering strong commercial opportunities for UK companies.
Increased dialogue and research collaboration between the UK, Hong Kong and Mainland China can also lead to longer term opportunities.
Opportunities to develop partnerships include:
KTD is a huge and highly complex urban regeneration development project. The area’s being transformed into a green and quality environment with major sporting, leisure and tourism facilities. It spans 320 hectares covering the:
Major projects include:
Contact the Department for International Trade (DIT) Hong Kong at [email protected] for more information on opportunities at KTD.
WKCD is one of the world’s largest cultural projects covering 40 hectares. It will comprise 17 venues under the management of the West Kowloon Cultural District Authority including:
UK companies are directly involved across the supply chain for this project.
Opportunities for UK companies include:
The 30 kilometre (km) long Hong Kong-Zhuhai-Macau bridge will be the longest sea bridge in the world when it’s completed. It’s a highly technical project which includes a 6.7km underwater tunnel section.
The new link will be a 6 lane expressway with boundary crossing facilities built on artificial islands at each end. The bridge will:
The Shatin to Central link is a major railway network extension project consisting of 2 sections and the construction of 10 new stations. The East-West line will run for 11 km between Tai Wan and Hung Hom. The North-South line will run 6 km between Hung Hom and Hong Kong Island.
Hong Kong has a 15 year railway development programme. Future plans include a:
UK companies that get involved in these projects at an early stage can expect numerous follow-on opportunities.
Hong Kong’s 2 large bus companies operate an extensive network of routes as well as several ferry and helicopter operators.
Hong Kong is a highly competitive and mature market.
A local presence is needed such as an agent or distributor to successfully develop your business in this market. You will need to visit the market to establish a personal relationship with a business partner and underpin a long-term relationship.
Licensing or franchising may also be viable options for some products and services.
The legal framework in Hong Kong is very similar to that of the UK. Many of the lawyers operating in Hong Kong have been trained in the UK and almost all are fluent in English.
You can find a full list of lawyers operating in Hong Kong and the areas they cover on the Law Society of Hong Kong website.
The Customs and Excise Department is responsible for consumer protection for consumer goods, toys and children’s products.
The Centre for Food Safety provides information on regulations relating to food and drugs labelling.
Pre-packaged foods must be labelled with mandatory nutritional information. Any nutritional claims about the contents must comply with the regulations. Food and formula consumed by children under the age of 36 months and food for special dietary uses are exempt.
The importance and need for protection of intellectual property (IP) has long been recognised in Hong Kong, and has been crucial in its development as an international trading centre.
The Intellectual Property Department (IPD) has responsibility for registrations and has an electronic filing system.
Hong Kong has one of the lowest tax rates and simplest tax structures in the world.
There are only 3 direct taxes which are on:
None exceed 17% and there are multiple deductions. There is no sales tax.
The Inland Revenue Department gives clear instructions on payment and procedures relating to tax.
The Customs and Excise Department has responsibility for customs procedures and revenue collection in Hong Kong.
Hong Kong is a free port so goods are not subject to import duty with the exception of:
If you are importing these items you will need to obtain an import and export licence from the Customs and Excise Department, and you will also need a removal permit should you wish to re-export them.
There are a number of goods which cannot be imported without a licence, but are not subject to duty. These include pharmaceutical products and certain foodstuffs. You can find a full list of these items on the Customs and Excise Department website.
Visit the Customs and Excise Department website for details of the trade related documents needed to get your goods into Hong Kong.
Some businesses require a license or registration to operate. You can get a complete list of the licenses required from the Business License Information Service of the Hong Kong Trade and Industry Department.
Business culture in Hong Kong is quite similar to western culture.
The official languages of Hong Kong are Chinese (Cantonese dialect) and English. English is widely spoken in the business world and in urban areas of Hong Kong.
Sales and marketing material in English is generally sufficient, but in some cases, they may be advantages in having material prepared in Chinese.
The traditional form of written Chinese is used in Hong Kong. A simplified form is used on the Mainland. Any Chinese language materials you prepare for the Hong Kong market should use traditional Chinese. This means any material prepared for the Mainland China market will not be suitable, and vice-versa.