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Hong Kong liquor imports surge 40pc after duty cut

Xenia. W by Xenia. W
14 May 2025
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Financial Secretary Paul Chan said on Wednesday that Hong Kong saw a 40 percent surge in liquor imports in the first four months since a reduction in their duties in October.

Speaking at the opening ceremony of Hofex, an international food and hospitality tradeshow, he said the city’s status as a free port, coupled with its efficient customs and logistics networks, positions Hong Kong as a prime location for the industry.

Chan said that “Hong Kong is not just opening doors. We are opening more bottles, too.”

“Every day, over 1,000 flights connect us to more than 200 destinations,” he said.

“This city simply gives you the best connectivity to the broader market in the Asian region.

“For wines, we impose no duty, a policy that has been toasting success for years.

“Last year, we imported approximately 39 million bottles of wines and consumed some 30 million of them.

“Recently, we have also lowered duties on liquor. The results are encouraging.”

Chan also said Hong Kong is committed to exploring new markets and strengthening ties with Asean and the Middle East, recognising their abundant resources and untapped potential.

He said the number of overall visitors rose 10 percent in the first four months of the year, surpassing 16 million, while the rate of growth for international visitors was even better at 17 percent.

Moves are afoot, he added, to organise more international events to attract high-value visitors.

“If you are thinking of extending the reach of your products and services, Hong Kong is your showroom,” he said.

“Come to Hong Kong, and you will find opportunities.”

Tags: Hong Konglocal
Xenia. W

Xenia. W

Xenia is a Hong Kong–based writer and content creator focusing on financial markets, policy and the city’s evolving economic landscape. With over ten years of experience in higher education and tourism‑related projects, she specialises in transforming complex information into clear, reader‑friendly insights for both professional and general audiences. ​ Drawing on a background in bilingual Chinese–English translation and editing, Xenia writes across topics including Hong Kong and US stocks, market structure, macro trends and how policy shifts affect everyday investors.

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