Hong Kong covers an area of 426 square miles, sharing a northern border with Guangdong Province in Mainland China. It is an autonomous territory located at the Pearl River Estuary and the South China Sea. Hong Kong is one of the world’s most densely populated regions, with a population of about 7.2 million people. This thriving population makes ocean freight transportation from the US to Hong Kong an attractive prospect for exporters.
Hong Kong’s capitalist service economy enjoys low taxation and free trade, and it is long-established as one of the world’s leading international financial centres. The territory has one of the greatest concentrations of corporate headquarters in the Asia-Pacific region, and the Hong Kong Stock Exchange is the 7th-largest in the world. Because Hong Kong has few natural resources, it imports the vast majority of its food and raw materials; in fact, imports account for more than 90 percent of the territory’s food supply.
The service sector dominates Hong Kong’s economy, accounting for over 90 percent of its GDP. The territory is the world’s 11th-largest trading entity, and the total value of its imports and exports exceeds its GDP. Hong Kong is also the largest re-export centre in the world. Ocean freight from the US to Hong Kong is a natural step for your business.
When you are shipping a container to Hong Kong, how large will your shipment be? You’ll need to answer this question in order to choose a transport option: either a full container load (FCL) or groupage (LCL). The size of your shipment will be a determining factor here.
If your shipping volume is equal to six standard pallets or more, then a full container load (FCL) will be your best option. Ten standard pallets will fit in a 20-foot shipping container, while 22 such pallets will fit in a 40-foot container.
FCL is also your best option, even with smaller shipping volumes, if you are concerned about keeping your goods isolated from other exporters’ goods in order to avoid any potential risk of damage that may result from contact during transport.
If isolation is not a concern, then groupage, the term for a shared container (LCL), offers a cost-saving alternative that requires you to pay only for the shipping space you need. Consult iContainers for rates and other important information.
The Port of Hong Kong is a deep-water port that deals with high volumes of trade in containerized manufactured products, raw materials, and passengers. It is managed by the Hong Kong Marine Department. The port is able to berth and handle all types of vessels, thanks to the deep waters and natural shelter of Victoria Harbour. In terms of shipping movements, cargo handled, and passengers, this is one of the world’s busiest ports. It features nine container terminals, situated at Kwai Chung, Stonecutters Island, and Tsing Yi. The River Trade Terminal at Tuen Mun handles substantial container throughput.
Air freight may be more appropriate for you than ocean freight under certain circumstances, such as when you are working against a short deadline or your shipment is urgent. Some limitations in terms of volume and weight are imposed on air freight; check the iContainers calculator to help you determine whether this is the right option for you.