U.S. exports of high value food products to Hong Kong reached a record level of US$2.1 billion in 2010, consolidating Hong Kong’s position as the 4th largest market for these products after Canada, Mexico and Japan. Benefiting from the strong economic growth in Mainland China, Hong Kong enjoyed 7.8% economic growth in 2010. In addition, it is expected that Hong Kong will maintain its position as one of the top 4 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% in 2011. Post expects that U.S. products will continue to fare well due to competitive prices and consumer confidence in the quality and safety of U.S. products.
