The pandemic and disruption on cross-border trade flows between Mainland China and Hong Kong has affected Hong Kong's export. However, the resumption of cross-border land transportation between the Mainland and Hong Kong will help strengthen the momentum of Hong Kong's export growth to the Mainland. Although total exports of last year have not been announced, it is expected to fall 6%. Meanwhile, Hong Kong's tight regional supply chain with some Asian markets led to double-digit export growth. In the first 11 months of 2022, Hong Kong's exports to ASEAN grew by 9.9% year-on-year, while they surged 11.6% and 11.2% to Taiwan and Korea, respectively.

Looking ahead to 2023, while trade frictions between the US and China persist and the geopolitical situation between Russia and Ukraine remains tense, cross-border land transport between Hong Kong and the Mainland is expected to return to normal in February to March this year. Coupled with exports to the ASEAN markets, the HKTDC forecasts a 5% increase in Hong Kong's total exports in 2023.

Sophia Chong, the Deputy Executive Director of HKTDC, said, "With the theme of Play To Bond - Family and Beyond, the three fairs will feature more than 1,000 exhibitors from 17 countries and regions, including diverse group pavilions. The Toys & Games Fair's Mainland China pavilion will showcase over 250 exhibitors. Supported by the Guangdong Province's Department of Commerce's Cantonese Business Go Global, over 120 Guangdong exhibitors will participate in the Fair. In response to the imminent border reopening and resumption of quarantine-free travel between Mainland China and Hong Kong, the HKTDC will welcome over 1,000 Guangdong enterprises representatives."

Ms. Chong continued, "The Baby Products Fair will once again have a Korean pavilion, showcasing high-quality Korean baby products. The HKTDC has invited many local and overseas entities to visit the three fairs, including importers, department stores, specialty shops, retail chains and etailers."

Innovative products by over 120 international brands

The Hong Kong Toys & Games Fair and Hong Kong Baby Products Fair will offer a number of themed zones for easy sourcing.

The Brand Name Gallery at both fairs will feature unique and innovative products by over 120 internationally renowned brands, including Eastcolight, Hape, KEEPPLEY, Rastar, Welly, Marcus & Marcus and more.

The Hong Kong Toys & Games Fair's Kidult World will features products for grown-ups, such as classic comic book character models and Hong Kong Softee Car Building Blocks, while the Smart-Tech Toys zone will showcase toys and games using innovative technology, including artificial intelligence (AI) and augmented reality (AR). Green toys, currently the industry's must-haves, will also be on view.

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