HK Economy- Highlight
16 Oct 2018
Optimistic Outlook: The 2019 Outlook for the Clothing and Fashion Market Amid Sino-US Trade Turbulence
HKTDC conducted face-to-face interviews with 234 buyers and 72 exhibitors attending CENTRESTAGE 2018. The survey results show that the industry is optimistic with regard to the market outlook for the next 12 months, with 87% of buyers and 91% of exhibitors expecting sales to remain steady or to increase. The optimism stems perhaps from the fact that apparel and made-up textiles are not included in any of the currently effective US 301 tariff lists.
For Hong Kong SMEs in the houseware and small home appliances industry interested in selling to the ASEAN markets, they should consider the pros and cons of various market entry methods, to choose an optimal market entry strategy which best suit their business needs.
Hong Kong’s printing exports amounted to US$728 million in the first half of 2018, up 3.6% from the previous year. The US, the Chinese mainland, the UK and Australia markets together absorbed nearly 70% of the total.