Hong Kong Exporter Guide 2020

Country:
Hong Kong

Report Highlights:
Macau is a budding culinary destination in Asia and received over 39 million visitors in 2019. Macau registered food retail sales over US$613 million and restaurant receipts of US$1.47 billion. The fastest growing U.S. products included distilled spirits, spices, fruit and vegetable juices, coffee, poultry, fresh fruit, beef, nursery products, tree nuts, and food preparations. Macau’s economic growth is expected to slow due to the worldwide coronavirus outbreak and travel restrictions within Asia. The Macau Government has launched multiple stimulus measures to help Macau residents and businesses cope with the adversity, and Macau’s economy is expected to pick up in the latter half of 2020 when the
coronavirus situation improves.

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