Cultivating Opportunities for U.S. Agricultural Exports to Hong Kong In 2023, Hong Kong was the 17th-largest market for U.S. agricultural products globally. That same year, the United States exported $1.5 billion of agricultural products and was the third-largest supplier of consumer-oriented food products to Hong Kong after China and Australia. Hong Kong is a significant market for U.S. exports of beef, poultry, tree nuts, and other agricultural products. Hong Kong's total imports of agricultural products were $19.7 billion, and its economy grew 3.3 percent in 2023. Hong Kong's economy has not fully returned to pre-pandemic levels due to a significant decline in tourism, a shift in global businesses, particularly financial services, away from Hong Kong to places like Singapore, and an increasing trend of locals traveling to mainland China for shopping and dining. However, Hong Kong's economy has stabilized and returned to growth, and its government is taking action to boost tourism and investment. Export opportunities exist due to duty-free imports of foods and beverages, an affluent consumer base, Hong Kong's status as a major trading hub for other Asian markets, and the perception that U.S. agricultural products are of high quality.  Please click here to read more >>   Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need to use your email address to log in. If you have questions or problems with the subscription service, please visit subscriberhelp.govdelivery.com. This service is provided to you at no charge by USDA Foreign Agricultural Service. This email was sent to stevenmagallanes520.nims@blogger.com using GovDelivery Communications Cloud on behalf of: USDA Foreign Agricultural Service · 1400 Independence Avenue, SW · Washington, DC 20250