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2Logistics Industry in Hong Kong Overview of the Trading and Figure 1. Percentage share of value added by key industries to GDP (2018)Figure 2. Percentage share of employment by key industries to total employment (2018)Source: Census and Statistics DepartmentProfessional servicesand otherproducer services14.2%Professional servicesand otherproducer services12% Trading andlogistics21.2%Trading andlogistics18.6%Financial services6.8% Tourism4.5% Financial services19.8% Others42.7%Others53.7%Tourism6.6%Note: The individual figures combined may not add up to 100% due to rounding.Trading and logistics are strong pillars of Hong Kong’s economy Hong Kong, translated literally as ‘fragrant harbour’, is a harbour city known for its status as a free port and entrepot for South China, since the city opened its port in the mid-1800s. With the reform and opening-up of mainland China in the late 1970s, Hong Kong became the de facto gateway for the world to tap into the Chinese market. From then on, the local trading and logistics industry prospered and acted as a strong driver for Hong Kong’s economy and employment opportunities. Currently, the trading and logistics industry is deemed to be one of the four key industries for the city, together with financial services, tourism, and producer and professional services.8