5
Commerce and Industry
recording and reproducing apparatus and equipment ($691.3 billion) and office machines and automatic data processing machines ($354.3 billion). The Mainland, Taiwan and Singapore were Hong Kong's major suppliers, accounting for 46.6 per cent, 7.5 per cent and 6.6 per cent respectively of the total value of imports.
Services
Hong Kong is one of the world's most service-oriented economies. The services sector's share of Gross Domestic Product (GDP) in 2018 was 93.1 per cent and it provided employment for 3,414,400 people, making up 88.6 per cent of total employment in 2019.
The total services trade of Hong Kong amounted to $1,413 billion in 2019, the world's 18th largest in value. The territory exported $793.9 billion worth of services, contributing to 27.7 per cent of GDP, compiled based on the change of ownership principle. It ranked sixth in the region after the Mainland, India, Singapore, Japan and Korea in total value of services exported, and 17th in the world.
The main components of Hong Kong's exports of services were in transport and travel, accounting for 29.8 per cent and 28.7 per cent respectively of the total value. The territory is a net exporter of services and had an overall surplus of $174.8 billion during the year, including surpluses of $97.7 billion and $18.6 billion in transport and travel respectively.
Manufacturing
Hong Kong is a command and control centre for manufacturing with a globalised production network. Domestic manufacturing contributed 1 per cent of GDP in 2018 and provided employment for 88,100 people in 2019, making up 2.3 per cent of overall employment.
Food and beverage producers are the largest employers in the sector, followed by employers in the printing and reproduction of recorded media industries. Chart 1 shows the breakdown of manufacturing employment.
Chart 1
Number of People Employed by Manufacturing Sector as at December 2019
Others
32.5% (27,789)
Food products and beverages 34.5% (29,498)
Rubber and plastics products (except furniture, toys, sports goods and stationery)
2.1% (1,791)
Textiles
2.2% (1,859)
Electronics
2.4% (2,019)
Fabricated metal products
(except machinery and equipment) 2.5% (2,147)
Wearing apparel 3.7% (3,118)
85
Printing and reproduction
of recorded media
13.7% (11,709)
Pharmaceuticals, medicinal
chemical and botanical products 6.4% (5,457)
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