Browse Data and Analysis

Despite its small population at 7.5 million, Hong Kong is the sixth-largest export market for U.S. consumer-oriented agricultural products. Hong Kong has always been an attractive market for innovative U.S. food and beverage products as well as a gateway to the region.

Healthy eating is the growing trend in Hong Kong embraced by both the government and the general public. In this context, the Hong Kong government is encouraging the trade to use less salt and sugar for foods by introducing a voluntary “Salt/Sugar” label scheme for prepackaged food products.

Citrus production in Australia has experienced favorable conditions after above average rainfalls in all of the major growing areas across 2020 and 2021.

Ethanol consumption in Australia is forecast to decline in 2021 at only 1.1-percent of the gasoline pool, and biodiesel use similarly is forecast to decline from already very low levels at only 0.1-percent of the total diesel pool.

In September 2021, the Hong Kong government decided not to launch a scheme requiring pre-market safety assessments for biotech events initially proposed in 2013. Hong Kong did not have any policy changes on regulating genetically engineered (GE)...

Hong Kong is the ninth largest importer of baked goods in the world, with imports valued at $870 million. Major import categories included pastries, bread, and cakes. For the first ten months of 2021, Hong Kong imports of baked goods were $721 million, a modest increase of 1.61 percent over the same period in 2020.

The Australian federal government is supportive of biotechnology and has committed considerable long-term funding to research and development.

Hong Kong traders complain about ongoing issues with global shipping logistics and resulting disruptions on supply chains.

Effective November 12, 2021, ready-to-eat oysters harvested from Samish Bay in Washington State are once again eligible for export to Hong Kong following a ban imposed on July 2021.

Milk production in 2022 in Australia is forecast to increase moderately to 9.1 million metric tons (MMT) after a falling in 2021 to an estimated 9.0 MMT, a one percent decline from 2020.

Despite disruptions to the global supply chain and worldwide container shortage, the Hong Kong port maintains normal operations.

Australia is a prosperous and industrialized nation with a stable economy. Underpinning Australia's strong economy is its open and transparent trade and investment environment, and trade and economic links with emerging economies, particularly in Asia.