TIQ - Read Hong Kong SAR's market profile.

Hong Kong’s high-income population of around 7.6 million speak Chinese (Mandarin), Cantonese and English.

Considered as a single market – it maintains distinct governing and economic systems to that of mainland China – Hong Kong SAR was world’s 35^th largest economy in 2020. This is despite the negative GDP growth Hong Kong has experienced in recent times, largely due to social unrest, wrought in part by the new National Security Law, and the outbreak of the COVID-19 pandemic.

Hong Kong is a strong market for services in manufacturing, construction, financial services and (traditionally) tourism. On the goods side, Hong Kong is a strong global market for importing electronic components, telephony apparatus and gold. And Hong Kong relies on imports of food and raw materials, due to limited arable land and natural resources.

Hong Kong’s exports in technologies have showed strong growth in recent years.

Key domestic focus areas include housing, and innovation and technology, including biotechnology. As well, the Greater Bay Area (GBA) development aims to strengthen economic ties – and opportunities – between mainland China, Hong Kong and Macau. Hong Kong, a strong start-up environment, is already home to the Science and Technology Park and Cyberport, which host over 680 and 1,000 tech companies respectively. Additionally, the GBA will establish the Hong Kong-Shenzhen Innovation Park as an international IT hub in the Bay Area, supplementing Hong Kong’s existing sophisticated IT infrastructure.

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Queensland and Hong Kong SAR

In 2023-24 Hong Kong was Queensland’s 33rd largest merchandise trading partner, and its 27th largest export destination. Chief among Queensland’s exports to the island city are food and agribusiness goods.