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Computer Peripherals- Hong Kong

Computer Peripherals

Hong Kong

Overview

x	2004	2005	2006
Total Market Size	2205	2400	2500
Total Local Production	3235	6615	5424
Total Exports	25558	33972	35414
Total Imports	24528	29757	32490
Imports from the U.S.	1478	1703	1862

All figures are in US$ millions. The above statistics are unofficial estimates.

Hong Kong’s IT equipment imports in 2005 reached USD 29.7 billion, a 21% increase over 2004. The estimated value of U.S. IT equipment exports to Hong Kong was USD 1.86 billion in 2005, representing a 9.3% increase over the previous year.

Best Products/Services

Along with the importance of IT and sustained popularity of the Internet, the demand for IT products and solutions continue to grow in Hong Kong, particularly in the following areas: Wireless/Mobile Applications; Multi-Media Products, Digital Entertainment; Logistics/Supply Chain Management; E-Commerce, Data Storage, and IT Security.

Opportunities

The Digital 21 Strategy was first published in 1998 by the Government of the Hong Kong Special Administrative Region to set out the Government’s vision of developing Hong Kong into a leading digital city. The strategy was revised in 2001 and 2004 to take into account the evolving needs of the community and technological advancements. Moving ahead, the Government has identified the following key action areas in 2007 Digital 21 Strategy for implementation between 2007-2010.

(i) Promoting advanced technology and innovation

strengthen infrastructure, as hubs for innovation and technology;

facilitate intellectual property transfer and commercialization of innovation;

focus and support technology domains including: (i) communications technologies; (ii) development of digital content; (iii) sensor and identification technologies; (iv) software development and packaging; and (v) next-generation Internet.

(ii) Developing Hong Kong as a hub for technological cooperation and trade

established channels to cooperate with Mainland authorities;

upgrading of the ICT workforce through developing competency standards to strengthen training;

Information security: publish a risk assessment and electronic authentication framework in 2008 for public reference;

Privacy safeguards: safeguard personal data privacy;

Protection of intellectual property rights through legislation;

Development of data standards;

Regulatory framework: establish the Communications Authority as the single regulator for the communications sector.

(iii) Enabling the next generation of public services: The Government is committed to leading by example in the use of e-business, for both internal and public services.

(iv) Building an inclusive, knowledge-based society, five goals to move Hong Kong towards an inclusive, knowledge-based society: (i) broadband connectivity for every citizen; (ii) allowing every student access to ICT facilities to support learning; (iii) more affordable access to industry software solutions; (iv) information management; and (v) digital rights management infrastructure and culture.

The Government is one of the major driving forces behind IT development and usage in Hong Kong. Estimated Government IT spending for fiscal year 2006/2007 is USD 673 million.

Although Hong Kong is a relatively small market for US IT exports, U.S. companies should consider Hong Kong as a gateway into the Mainland China market. A substantial amount of IT products imported to Hong Kong is re-exported to China. In 2006, about 56% of Hong Kong’s total exports of IT equipment went to China, totaling approximately USD 20 billion.

Resources

Major Trade Shows:

International ICT Expo (April 14-17, 2006): International ICT Expo

April 14-17, 2007

Venue: Hong Kong Convention and Exhibition Center

http://ictexpo.com

Associations:

Information and Software Industry Association

Ms. Satti Wong

Tel: (852) 2622-2867

Fax: (852) 2622-2731

Email: info@N0SPAM.isia.org.hk