Do you know about the import restrictions, documentation, customs clearance, and tariffs related to the wine industry? Hong Kong has experienced significant growth in the wine industry, driven by various factors such as a strong economy, increasing disposable income, and growing appreciation for wine as a luxury item. Hong Kong is now one of Asia’s leading red wine importers and consumers, with both domestic and imported wine markets thriving. At this level, logistics and transportation play a crucial role in the wine trade. FreightAmigo tells you about import restrictions, documentation, customs clearance, and tariffs for the largest wine exporting countries to Hong Kong, making trade easier!

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Import and Export Trade Situation in the Wine Industry:

Hong Kong has signed an agreement with the Mainland Chinese government, allowing wine to be imported into the Mainland according to the provisions of the “Closer Economic Partnership Arrangement” (CEPA) and various special customs clearance measures, making Hong Kong an unparalleled advantage and a gateway for wine to enter mainland China. It has attracted companies from around the world that engage in the wine industry to do business. Hong Kong is a duty-free port for wine, with a well-connected air transportation network and top-notch storage facilities, making it attractive to Asianinvestors. As Hong Kong is seen as the most cost-effective and convenient distribution center, wine merchants and investors are storing their investment-grade wine in Hong Kong and shipping them to their target markets when orders are received.

• Import:

  Hong Kong imports a large amount of wine every year, including wine from countries such as France, Australia, Chile, Italy, Spain, and Argentina. According to statistics from Hong Kong Customs, the total value of imported wine in the wine industry in 2019 was about HK$5.2 billion.

• Export:
  

Hong Kong’s wine exports are relatively low, but the export volume has increased in recent years. Hong            Kong’s wine is mainly sold to mainland China, Macau, Taiwan, Singapore, the United States, and other            countries. According to statistics from the Hong Kong Trade Development Council, the total value of                Hong Kong’s wine industry exports in 2019 was about HK$250 million.

Wine Industry and CEPA:

Under CEPA, starting from January 1, 2006, all products originating in Hong Kong, including wine, can be imported into the Mainland duty-free. Freshly produced wine, whose fermentation and production are the main processes defining its origin, must be carried out in Hong Kong to enjoy zero tariff benefits. Regulations applicable to the wine industry include the “Imported Alcoholic Beverage Domestic Market Management Measures” and the “Regulations on the Protection of Geographical Indication Products.” Wine labels are regulated by the above regulations, andall information displayed in English must have corresponding Chinese translations, and the Chinese font size must be the same as the English font size. All labels must be permanently affixed to the wine bottle.

Hong Kong Wine Industry – Entry restrictions, tariffs, and documentation for the four major importing countries.

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