Hong Kong imports of high value food products from the U.S. reached US$4 billion in 2013, consolidating our position as the leading food supplier to Hong Kong. Hong Kong food market remains sound, with restaurant receipts and food retail sales at US$12.4 billion and US$10.75 billion in 2013, an increase of 3.5% and 5.4% respectively over 2012. It is expected that Hong Kong will maintain its position as one of the top 5 markets for U.S. consumer ready food products in 2014, as it continues to be a major buying center and transshipment point for other markets in the region. Economic growth in Hong Kong is forecast to be 3.5% in 2014. Post expects that U.S. products will continue to fair well due to competitive prices and consumer confidence in the quality and safety of U.S. products.
