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.
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.
Here are the shares of the economic sectors in the GDP of Hong Kong
The major trading partners of the region are:
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.
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.
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.
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.
The import documentation for shipments include:
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.