Hong Kong, 23 Aug – Hong Kong Trade Ambassador Pointing to positive factors, tourism drives the economy to recover. GBA strategy supports Hong Kong as a financial center. Health conscious people after COVID prepare to move forward with Thai rice export activities, targeting 2023 export growth of 1-2%
Mrs. Chanaphat Pisalpipong, Director of the Office of International Trade Promotion in Hong Kong, revealed that the target of Thai exports to the Hong Kong market in 2023 is 1-2% or worth 10 billion dollars. United States, or about 350,000 million baht, by accelerating export activities to allow export growth to meet the target
The positive factor of exports comes from the Hong Kong economy starting to recover after the outbreak of COVID-19. More tourists have arrived since Hong Kong began easing COVID-19 restrictions. And opening the country since February 2023, resulting in 16 million tourists in the first 7 months, expecting 26 million tourists for the whole year, which will cause the Hong Kong economy in 2023 to expand at a frame of 4-5. % from the previously expected growth in the range of 3.5-5.5%.
At the same time, the Hong Kong government has a variety of economic stimulus plans, such as a consumption voucher of HK$ 5,000, or about 22,500 baht per person, to promote spending in Hong Kong. It is expected to boost GDP by 0.6%, including measures to promote small-medium businesses through credit and measures to support home purchases for Hong Kong residents to stimulate real estate. In addition, the Hong Kong government It has continued to promote investment in the GBA Special Economic Zone (Greater Bay Area), with the Chinese government attaching great importance to Hong Kong as a financial center.
Product trends and consumer behavior in Hong Kong have changed. Began to pay more attention to health after COVID, so it is an opportunity to export Thai products in the Hong Kong market in 2023, especially in the protein group from plants. food for the future (Future Food) Organic Products It will be an opportunity to export Thai products to Hong Kong.
“Hong Kong is still an important export market for Thailand. especially jasmine rice which the Thai rice market in Hong Kong Export trends are gradually improving. Thai jasmine rice is still the number 1 product in the Hong Kong market, but admits that the behavior of rice consumption has changed. causing the demand for rice to decrease Hong Kongers turn to other grains Because he is concerned about health, therefore, he thinks that rice marketing may push the rice market to be more healthy, such as colored rice, organic rice, RD43 rice, riceberry rice. with less sugar to replace As for the impact of adjusting the price of Thai rice not much impact and traders have to negotiate orders already in advance.”
In addition, the office is ready to push and promote more rice market activities. which will cooperate with Thai SELECT stores and publicize rice certification mark That this product is from Thailand or the "Green Seal" rice symbol of the Department of Foreign Trade Ministry of Commerce to be more well-known which is currently an importer Consumers in Hong Kong also accept this mark. and believes that rice products come from Thailand and are of good quality
for products that Thailand exports to the Hong Kong market In January-June 2023, the expansion of goods such as 1) gems and jewelry was 1,364.23 million US dollars, an increase of 67.45% 2) pharmaceutical products 17.51 million dollars. 47.72% 3) Milk and dairy products 15.69 million USD, 21.13% growth 4) Tapioca products 14.25 million USD, 589.38% growth
For businesses that have the opportunity to attract more senior citizens and have a need for housing. Because real estate prices in Hong Kong are high, the cost of living is among the most expensive in the world. Making Thailand another option that Hong Kong people are interested in buying real estate. In addition, health care, physical examination of the elderly group or working group also accept Thai services in this regard, so it is a channel and an opportunity for Thailand to attract this group of customers, and if it can, Thailand will have a lot of money flowing into the country And these people are people with high purchasing power.-Thai News Agency
Source: Thai News Agency