The UAE's prominence as a destination for household product exports from Hong Kong is rising. Houseware exports from Hong Kong to UAE surged by 187 per cent in the two-month period of January to February 2007 over the same period in the previous year. This was by far the largest increase in exports to any country in percentage terms during the period.
During January to February 2007, Hong Kong exported houseware products worth $88 million to the UAE, 187 percent up compared to the same period in 2006, the report said.
In 2006, Hong Kong exported housewares products worth 203 million dollars to the UAE.
This was by far the largest increase in Hong Kong's housewares exports to any country in percentage terms during the period, the report added.
The UAE is the largest export market for Hong Kong's housewares products in the Middle East. It ranked 11th in the list of global destinations for housewares products from Hong Kong.
These figures were revealed at the annual Hong Kong Houseware Fair where a number of buyers and exhibitors from the Middle East had turned up. The Hong Kong Houseware Fair has become an important event on the calendar for discerning Middle East buyers.
Manufacturers were willing to customise products according to Middle East values and tastes. A Hong Kong-based exhibitor told that 25 per cent of his merchandise was being booked by buyers from UAE, Bahrain and Kuwait.
Houseware product exports are a major contributor to Hong Kong's economy. Hong Kong's total exports of houseware products in 2006 amounted to $21.94 billion. Exports in 2007 have begun on a bright note with houseware exports for the period January to February reaching $3.74 billion, a 19.7 per cent increase over the figure for the same period in the previous year.