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Hong Kong is an autonomous territory on the southern coast of China at the Pearl River Estuary and the South China Sea. Hong Kong is known for its skyline and deep natural harbour. It covers an area of 426 square miles, and shares its northern border with the China’s Guangdong Province. With a population of about 7.2 million, Hong Kong is one of the world’s most densely populated regions. Considering this thriving population, it’s worth your while to learn more about how to export from the US to Hong Kong.
One of the world’s leading international financial centres, Hong Kong has a major capitalist service economy characterized by low taxation and free trade. It has one of the greatest concentrations of corporate headquarters in the Asia-Pacific region. The Hong Kong Stock Exchange is the seventh-largest in the world. The territory has little arable land and few natural resources, so it imports most of its food and raw materials?imports account for more than 90 percent of Hong Kong’s food supply.
Hong Kong’s economy is dominated by the service sector, which accounts for over 90 percent of its GDP. Hong Kong is the world’s 11th-largest trading entity, with the total value of imports and exports exceeding its GDP. It is also the largest re-export centre in the world. A plan to export from the US to Hong Kong should be part of your business development strategy.