Overview of the Construction and Mining Industry in Hong Kong (China) and How to Buy Equipment.

Hong Kong

Hong Kong, officially the Hong Kong Special Administrative Region of the People's Republic of China, is a metropolitan area and a particular administrative region of China on the eastern Pearl River Delta in South China.

• Hongkong has a population of 7.507 million.
• Exists as a Special Administrative Region
• Total Area: 1,106 km²
• Currency: The Hong Kong Dollar (HK$)

Hong Kong

In 2019 Hong Kong had a Gross Domestic Product of 365.7 billion USD and was projected to be around 365.00 billion USD in 2022.

Economic Sector Divide

Here are the shares of the economic sectors in the GDP of Hong Kong

• Agriculture: 0.1%
• Industry: 7.6%
• Services: 92.3%

Trade Statistics

The major trading partners of the region are:

Main Import Partners

• India: 3.15%
• United States: 8.06%
• Japan: 2.91%
• China: 55.23%
• Thailand: 2.36%

Main Export Partners

• China: 44.79%
• Other Asia, nes: 6.90%
• Singapore: 6.44%
• Korea: 5.67%
• Japan: 5.56%

Industries of Hong Kong

Mining Industry of Hong Kong

The mining industry has a 0.1 share in the country’s GDP. Despite its small size Hong Kong has a relatively large number of mineral deposits. It has high concentrations of non-metalliferous minerals that have been commercially exploited include kaolin clay, feldspar, quartz, beryl, and graphite.

Construction Industry of Hong Kong

According to the Hong Kong Census and Statistics Department, the gross value of construction works performed by main contractors in 2019 was recorded at US$17 billion.

The Hong Kong Housing Authority announced plans to construct 280,000 new housing units between 2018 and 2028 for the low- and middle-income population under the public housing construction program. The government intends to transform the country into a world-class innovation economy while emphasizing mobility, environment, people, and government. They also plan on expanding the rail networks by 2031.

Despite the loss faced by the global pandemic, gradually, the industry is paving its way to improve

To invest in these development projects, Camamach has the highest quality of construction equipment.

Seaports and Trading Hubs of Hong Kong

Hong Kong is accessible via both land and sea. The main seaports is the Port of Hong Kong:

Camamach uses the port of Hong Kong for imports.

What heavy machinery or equipment does Hong Kong Import?

Some imports for the imported equipment include Bulldozers, Heavy Duty Trucks, Concrete Batching Plants, Backhoe Loaders, Grinding Equipment, etc.

What regulations are there on importing equipment to Hong Kong?

Hong Kong is a free port with no restrictions on the right to import and export goods. There is no customs tariff on goods imported into the country. The HKSAR Government collects an excise duty on only four types of goods, irrespective of whether they are imported or locally manufactured: tobacco, hydrocarbon oil, alcoholic beverages, and methyl alcohol. All goods need to be processed through Customs. Hong Kong’s Strategic Commodities Control System requires companies wishing to import/export certain goods, such as military equipment or chemicals, to register for a license to do so.

Import Documentation

The import documentation for shipments include:

• Manifests
• Import/export license or removal permit (if required)
• Copy of detention notice (if applicable)
• Other supporting documents such as bill of lading, airway bill, invoice, packing list, etc.

Why should Hong Kong import equipment?

• Availability - Unlike local providers, overseas vendors always have the equipment available
• High Equipment Cost- Domestic manufacturers are often more expensive than the overseas competitors.
• Equipment Quality- Before making a delivery, international providers evaluate each element and give long-term benefits that clients want.

Where Can I Buy Equipment for Hong Kong?

Camamach has been exporting equipment in Hong Kong for years. Feel free to contact us at [email protected] or WhatsApp us at +86-131-2037-9271 for a FREE quotation. We also ship worldwide; for other countries, check out our experience here.