Hong Kong's trade with India grew 40% in first half of 2017
Calling India one of Hong Kong's biggest trading partners, Assistant Executive Director of trade promotion body, the Hong Kong Trade Development Council (HKTDC), Sophia Chong said there is a big potential for the Indian market to further grow in Hong Kong.
"The value of bilateral trade reached around USD 18.3 billion in first half of 2017, an increase of 40 per cent year-on-year, the highest growth among our top 30 partner countries in the same period," Sophia told PTI.
In 2016, Hong Kong imported USD 126 million of food and beverages from India, with vegetables and fruit at 12 per cent, the trade body said.
India was Hong Kong's sixth-largest trading partner in the first half of 2017, up from seventh-largest in 2016 after China, the US, Taiwan, Japan and Singapore.
India was also Hong Kong's seventh-largest source of imports in first half of 2017, with the value amounting to USD 7.8 billion at a significant growth of 30.7 per cent year-on-year.
source: economictimes.indiatimes.com
