Hong Kong – UAE imports reach $13.2bn for 10m 2017
A Hong Kong Trade Development Council (HKTDC) report announced that the total imports by the UAE from Hong Kong recorded $13.2bn in the first 10 months of 2017 and the Gulf state remained Hong Kong’s 17th largest trading partner.
Hong Kong was also the UAE’s 17th largest import supplier, added the report. HKTDC is planning to take the trade relations between the UAE and Hong Kong to the next level with seven global trade fairs to be held in Hong Kong early next year. The imports from the UAE to the Hong Kong grew at 2.5% over the last year to $3.3bn.
Speaking at a press conference in Dubai, Abdul Aziz Nasser, Middle East deputy director of the HKTDC, said: “With the seven global trade events, we are offering ideal platforms for traders and suppliers from the UAE to expand their businesses into new markets. The UAE and Hong Kong have enjoyed robust bilateral trade relations on a range of products and services over the years.”
He further added: “We look forward to welcoming more Emirati corporations to explore business opportunities and tap into global markets through HKTDC exhibitions. The trade fairs target buyers, distributors and retailers from the UAE to come to Hong Kong for sourcing. HKTDC some 30 trade fairs in 2017 attracted over 36,000 exhibitors and over 700,000 visitors from all over the world.”
Every year, the HKTDC organises more than 30 exhibitions in Hong Kong. Eleven of them are the largest marketplaces of their kind in Asia, and among them five are the largest in the world, namely the Hong Kong International Diamond, Gem & Pearl Show cum Hong Kong International Jewellery Show; Hong Kong Gifts & Premium Fair; Hong Kong Watch & Clock Fair; Hong Kong Electronics Fair (Autumn Edition) cum electronic Asia; and Hong Kong International Lighting Fair (Autumn Edition) cum Hong Kong International Outdoor & Tech Light Expo.