Record-Breaking Food Exports to Hong Kong

WASHINGTON—U.S. agricultural exports skyrocketed 39 percent to a record-setting $2.97 billion in 2010, according to USDA’s Foreign Agriculture Service (FAS) GAIN report. Hong Kong positioned itself as the fourth-largest market for U.S. exports of high-value food products after Canada, Mexico and Japan.

U.S. exports to Hong Kong reached $2.11 billion in 2010, with red meat, poultry, fresh fruits, tree nuts, processed fruit, vegetables and wine leading all exports.

According to the report, Hong Kong experienced 7.8 percent economic growth in 2010 and is expected to maintain its position as one of the top four markets for U.S. consumer ready food products in 2011, as it continues to be a major buying center and transshipment point for China and Southeast Asia.

Economic growth in Hong Kong is forecasted to be 4.5 percent in 2011. Hong Kong has a population of 7 million and is almost entirely dependent on food imports, which account for 95 percent of its food supply.

Click the following link to access the entire report.Exporter%20Guide_Hong%20Kong_Hong%20Kong_4-20-2011.pdf