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Tuesday / August 9.
HomeminewsHong Kong Third Largest Exporter

Hong Kong Third Largest Exporter

Hong Kong is the world’s third largest exporter of spectacles and frames after Italy and the Chinese mainland, according to the latest available data.

In 2014, Hong Kong’s total exports of spectacles dropped 1 per cent to HK$14.5 billion. The EU and the US, accounting for 61 per cent of the total, were the two biggest markets for Hong Kong’s exports of spectacles. In 2014, exports to the EU and the US increased 8 per cent and 2 per cent respectively. On the other hand, exports to China, the next major market, saw a 2 per cent increase, while sales to Australia posted a robust growth, bringing its market from 6.9 per cent in 2012 to 8.5 per cent in 2014.

By major category, frames and mountings, and spectacles and goggles, took up the largest amount of Hong Kong’s total spectacles exports, with their combined market share edging up from 85 per cent in 2012 to 87 per cent in 2014. On the contrary, the other two major categories, lenses and parts for frames and mountings, saw their combined market share dropping from 15 per cent in 2012 to 12.9 per cent in 2014.

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