Manufacturing sector’s total receipts amounted to $220.7 billion in 2021, a decrease of 9.9%

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29th November 2022 – (Hong Kong) According to the results of the 2021 Annual Survey of Economic Activities – Industrial Sector released today by the Census and Statistics Department (C&SD), the manufacturing sector’s total receipts (comprising sales and other receipts) amounted to $220.7 billion in 2021, representing a decrease of 9.9% compared with 2020; on a per establishment basis, total receipts decreased by 7.0% compared with 2020 to $33.2 million in 2021.
 
Operating expenses and compensation of employees of the manufacturing sector altogether amounted to $205.8 billion in 2021, representing a decrease of 11.1% compared with 2020; on a per establishment basis, they decreased by 8.2% compared with 2020 to $31.0 million in 2021.
 
Gross surplus of the manufacturing sector, which is equal to total receipts less operating expenses and compensation of employees, increased by 10.8% compared with 2020 to $14.9 billion in 2021; on a per establishment basis, gross surplus increased by 14.4% compared with 2020 to $2.2 million in 2021. Gross surplus accounted for 6.7% of total receipts of this sector in 2021, up by 1.3 percentage points compared with 2020.
 
Industry value added of the manufacturing sector, which is a measure of its contribution to Hong Kong’s Gross Domestic Product, increased by 8.8% compared with 2020 to $34.0 billion in 2021; on a per establishment basis, the industry value added was $5.1 million in 2021, which increased by 12.3% compared with 2020.
 
 According to the survey results, it was estimated that the manufacturing sector comprised some 6 600 establishments and engaged about 79 800 persons, or an average of 12.0 persons per establishment in 2021.
 
Within the manufacturing sector, the four largest industry groupings in terms of industry value added in 2021 were (1) food, beverages and tobacco; (2) metal products, machinery and equipment; (3) chemicals, rubber, plastics and non-metallic mineral products; and (4) paper products, printing and reproduction of recorded media. They together accounted for 86.5% of the industry value added of the manufacturing sector.
 
 In the food, beverages and tobacco industry, total receipts amounted to $42.5 billion while operating expenses and compensation of employees totalled $36.2 billion in 2021. Gross surplus amounted to $6.3 billion in 2021, accounting for 14.8% of total receipts in 2021. Industry value added increased by 17.0% compared with 2020 to $12.3 billion.
 In the metal products, machinery and equipment industry, total receipts amounted to $125.6 billion while operating expenses and compensation of employees totalled $122.9 billion in 2021. Gross surplus amounted to $2.7 billion in 2021, accounting for 2.1% of total receipts in 2021. Industry value added increased by 1.8% compared with 2020 to $8.0 billion.
 
 In the chemicals, rubber, plastics and non-metallic mineral products industry, total receipts amounted to $24.4 billion while operating expenses and compensation of employees totalled $20.8 billion in 2021. Gross surplus amounted to $3.6 billion in 2021, accounting for 14.8% of total receipts in 2021. Industry value added increased by 10.8% compared with 2020 to $5.7 billion.

In the paper products, printing and reproduction of recorded media industry, total receipts amounted to $10.6 billion while operating expenses and compensation of employees totalled $9.7 billion in 2021. Gross surplus amounted to $0.9 billion in 2021, accounting for 8.1% of total receipts in 2021. Industry value added increased by 4.6% compared with 2020 to $3.4 billion.
 
In addition to manufacturing establishments, the industrial sector also includes establishments engaged in mining and quarrying; electricity and gas supply; and sewerage, waste management and remediation activities. Selected statistics for the industrial sector (except mining and quarrying) in 2021 are shown in the attached table.

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