Key statistics on operating characteristics of import/export, wholesale and retail trades, and accommodation and food services sectors in 2018
Key statistics on operating characteristics of import/export, wholesale and retail trades, and accommodation and food services sectors in 2018
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     According to the results of the 2018 Annual Survey of Economic Activities - Import/Export, Wholesale and Retail Trades, and Accommodation and Food Services Sectors released today (November 29) by the Census and Statistics Department (C&SD), total receipts (i.e. sales and other receipts) of the import/export, wholesale and retail trades, and accommodation and food services sectors amounted to $5,394.5 billion in 2018, representing an increase of 7.0% compared with 2017; on a per establishment basis, total receipts increased by 6.6% compared with 2017 to $35.3 million in 2018.

     Operating expenses, cost of goods sold and compensation of employees of the above sectors altogether amounted to $4,985.1 billion in 2018, representing an increase of 6.9% compared with 2017; on a per establishment basis, they altogether increased by 6.6% compared with 2017 to $32.6 million in 2018.

     Gross surplus of the sectors, which is equal to total receipts less operating expenses, cost of goods sold and compensation of employees, increased by 8.2% compared with 2017 to $409.5 billion in 2018; on a per establishment basis, gross surplus was $2.7 million in 2018, which increased by 7.8% compared with 2017. For all these sectors taken together, gross surplus accounted for 7.6% of total receipts in 2018, which was similar to that in 2017.

     Value added of the sectors, which is a measure of their total contribution to Hong Kong's Gross Domestic Product, amounted to $683.1 billion in 2018, which increased by 5.8% compared with 2017; on a per establishment basis, value added was $4.5 million in 2018, which increased by 5.4% compared with 2017. 

     According to the survey results, it was estimated that the aforementioned sectors comprised some 153 000 establishments and engaged about 1 095 600 persons, or an average of 7.2 persons per establishment, in 2018.

     In the import/export trade, total receipts amounted to $4,261.1 billion while operating expenses, cost of goods sold and compensation of employees totalled $3,930.1 billion in 2018. Gross surplus increased from $305.9 billion in 2017 to $330.9 billion in 2018, accounting for 7.8% of total receipts in 2018. Value added increased by 4.5% compared with 2017 to $478.3 billion.

     In the wholesale trade, total receipts amounted to $324.2 billion while operating expenses, cost of goods sold and compensation of employees totalled $315.3 billion in 2018. Gross surplus increased from $8.1 billion in 2017 to $8.9 billion in 2018, accounting for 2.7% of total receipts in 2018. Value added increased by 7.6% compared with 2017 to $23.6 billion.

     In the retail trade, total receipts amounted to $600.8 billion while operating expenses, cost of goods sold and compensation of employees totalled $559.2 billion in 2018. Gross surplus increased from $39.2 billion in 2017 to $41.6 billion in 2018, accounting for 6.9% of total receipts in 2018. Value added increased by 7.0% compared with 2017 to $89.9 billion.

     In the accommodation services sector which covers hotels, guesthouses, boarding houses and other establishments providing short term accommodation, total receipts amounted to $51.0 billion while operating expenses, cost of goods sold and compensation of employees totalled $34.0 billion in 2018. Gross surplus increased from $14.7 billion in 2017 to $17.0 billion in 2018, accounting for 33.3% of total receipts in 2018. Value added increased by 13.1% compared with 2017 to $32.2 billion.

     In the food services sector which mainly covers restaurants, total receipts amounted to $157.5 billion while operating expenses, cost of goods sold and compensation of employees totalled $146.5 billion in 2018. Gross surplus increased from $10.5 billion in 2017 to $11.0 billion in 2018, accounting for 7.0% of total receipts in 2018. Value added increased by 10.0% compared with 2017 to $59.1 billion.

     Selected statistics for the import/export, wholesale and retail trades, and accommodation and food services sectors in 2017 and 2018 are shown in the attached table.

     More detailed survey results on the import/export, wholesale and retail trades, and accommodation and food services sectors will be given in the report "Key Statistics on Business Performance and Operating Characteristics of the Import/Export, Wholesale and Retail Trades, and Accommodation and Food Services Sectors in 2018". Users can download this report (in PDF format) free of charge at the website of C&SD (www.censtatd.gov.hk/hkstat/sub/sp320.jsp?productCode=B1080014) as from end-December 2019.

     Users who have enquiries about the survey results may contact the Distribution Services Statistics Section of the C&SD (Tel: 3903 7399; email: asw@censtatd.gov.hk).
 
Ends/Friday, November 29, 2019
Issued at HKT 16:30
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