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Total Exports Increase in 2016 for the Electrical and Telecom Industry

Written by: Editor

Total-Exports-Increase-in-2016-for-the-Electrical-and-Telecom-Industry.jpgHong Kong exports grew in certain areas in December 2016 compared to the same period in 2015. The data was released by the Hong Kong Census and Statistics Department and it primarily concerns two commodity divisions, the electrical and telecom industries with their specific products and byproducts. On a year-on-year basis, the export and import sector in Hong Kong had different results in the principal commodity divisions. Investors who want to open a Hong Kong company can target the business fields that recorded a positive yearly evolution, such as the telecommunications industry. 
 

Year-on-year import increases in selected business fields in Hong Kong

 
The Hong Kong Census and Statistics Department released new data regarding the evolution of the import and export results for 2016. The year for beneficial for most of the export and import sectors, particularly in those that involve electrical machinery and their electrical parts or telecommunications and sound recording equipment.
 
The total exports in Hong Kong increased in the electrical machinery and appliances sector and its sub-sector of electrical parts for these types of machinery and appliances. It also increased in the telecommunications sector and the office machine and automatic data processing machines. The clothing sector was the one to record the lowest increase in the winter of 2016, compared to the same time in 2015.
 
As far as Hong Kong imports are concerned, in December 2016 there was an increase in the imports of electrical machinery, again in the telecommunications industry and in the non-metallic mineral manufacturing industry. 
 
Investors who are interested in company registration in Hong Kong, particularly in the import and export sector, can use the data provided by the Statistics Department to determine which investment fields are more attractive.
 

Imports regulations in Hong Kong

Imports in main commodity sectors and sub-sectors in Hong Kong are regulated by special laws. Special permits and licenses are required for importing certain categories of products. If your company in Hong Kong imports dutiable goods or special categories of equipment and merchandise you can request the services provided by specialized consultants in order to deal with issues concerning special licensing. 
 
When interested in company registration in Hong Kong you can contact our experts for further details and assistance. 
 
 

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