Additionally Hong Kong itself is a potential market for the products to be showcased by Indian exporters. India-Hong Kong bilateral trade for the year 2012 stood at US$ 20,386 million representing decrease of 11.7% compared to 2011. Exports from India to Hong Kong during this period were worth US$ 10,491 million, a decrease of 5.5%.
Of this, goods worth US$ 9780 million were re-exported to other countries from Hong Kong. Imports from Hong Kong to India totalled US$ 9,895 million (17.5% decline). The balance of trade for the year 2012 was in India’s favor to the extent of US$ 596 million. India’s share in Hong Kong’s total trade during the year 2012 was 2.16%. Bilateral trade for the period January to September 2013 stood at US $ 16,878 million showing a decrease of 6.9% compared to the same period in 2012.
Exports from India to Hong Kong during this period were worth US $ 8,791 million, an increase of 7.6%. due to increase in exports of natural or cultured pearls, precious or semi-precious stones, precious metals and leather. The visit by Commerce Secretary to Hong Kong assumes greater significance in the context of enhanced economic and strategic cooperation between the two nations.
The concurrent events that will be held during India Show” in Hong Kong includes: Four days exhibition, One to One business meetings, Wine Festival by Agricultural & Processed Food Products Export Development Authority (APEDA), India Evening with a Fashion Show and performance by Prince Dance Troupe form Odisha, Food Festival and Seminar on “Building Trade Linkages with India”.
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