Hong Kong, known for its deep natural harbor and stunning skyline, is an autonomous territory on the southern coast of China at the South China Sea and the Pearl River Estuary. Hong Kong shares its northern border with Guangdong Province in China, and covers an area of 426 square miles. Hong Kong is one of the world’s most densely populated regions, with a population of roughly 7.2 million. It’s worth any entrepreneur’s while to learn more about how to import from Hong Kong to the US.
Hong Kong is one of the world’s leading international financial centres. It has one of the Asia-Pacific region’s greatest concentrations of corporate headquarters, and a capitalist service economy characterized by free trade and low taxation. The Hong Kong Stock Exchange is the world’s seventh-largest. The territory has few natural resources and very little arable land, and thus imports most of its food and raw materials; more than 90 percent of Hong Kong’s food supply is imported.
Over 90 percent of Hong Kong’s GDP is generated by the service sector. The total value of its imports and exports exceeds its GDP, and it is the world’s 11th-largest trading entity, as well as the largest re-export centre in the world. Planning to import from Hong Kong to the US should be part of your business development strategy.
What will your volume of goods be when shipping a container from Hong Kong? You will need to answer this question in order to determine your best transport option-a full container load (FCL) or groupage (LCL).
If you will be shipping at least six standard pallets, we recommend a full container load (FCL). A 20-foot container carries 10 standard pallets, while a 40-foot container can take 22 standard pallets. Six pallets are thus a bit more than half the capacity of a 20-foot container.
Even if you are shipping smaller loads, you should choose FCL if you are concerned about any potential risk of damage to your goods that could be caused by contact with those of other importers.
If sharing a container is acceptable to you, then LCL, also known as groupage, offers a money-saving alternative that will see you pay only for the space you need. Consult iContainers for rates and other important information.
The Port of Hong Kong is one of the busiest ports in the world in terms of volume of cargo handled, shipping movements, and passengers carried. Managed by the Hong Kong Marine Department, it is a deep-water port whose primary business is the handling of raw materials, containerized manufactured products, and passengers. Victoria Harbour’s deep waters and natural shelter provide ideal conditions for the berthing of ships of all types. Currently, a total of nine container terminals are located at Tsing Yi, Stonecutters Island, and Kwai Chung. The River Trade Terminal at Tuen Mun handles a substantial volume of container throughput.
Air freight is a shipping alternative you may wish to investigate if your shipment is urgent or your schedule tight. As air freight does impose some limitations on the volume and weight of shipments, we encourage you to check the iContainers calculator to help you determine whether air or ocean freight is the better option for you.