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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.