Underpinned by strong local consumer spending as well as buoyant inbound tourism, the value of total Hong Kong retail sales in first 4 months of 2018 increased by 13.9% over the same period in 2017.

Analyzed by broad type of retail outlet in descending order of the provisional estimate of the value of sales and comparing April 2018 with April 2017, the value of sales of jewellery, watches, and clocks, and valuable gifts increased by 24.6%. This was followed by sales of wearing apparel (+6.3% in value); medicines and cosmetics (+17.9%); commodities in supermarkets (+1.1%); commodities in department stores (+12.6%); electrical goods and other consumer durable goods, not elsewhere classified (+17.7%); other consumer goods, not elsewhere classified (+17.1%); food, alcoholic drinks and tobacco (+3.9%); motor vehicles and parts (+16.4%); fuels (+10.0%); footwear, allied products and other clothing accessories (+9.4%); furniture and fixtures (+1.4%); books, newspapers, stationery and gifts (+0.3%); Chinese drugs and herbs (+2.3%); and optical shops (+8.0%).

Dubai Exports – Hong Kong Office reached key importers of different sectors, most claimed that the Hong Kong consumer confidence is generally higher than 2017 and consumers are willing to pay a higher price for a product with quality. With the expanding of local business, there is a strong demand for sourcing new commodities to capture the market, particularly on food and daily necessities. 

To take advantage of these, Hong Kong office will look into the market and continue to assist DE members to enter Hong Kong retail market.

 

Source: 
Press Release of HKSAR Government on retail sales for April 2018 can be found from the link below
https://www.censtatd.gov.hk/press_release/pressReleaseDetail.jsp?charsetID=1&pressRID=4247