According to the results of the 2024 Annual Survey of Economic Activities - Manufacturing, Energy Supply and Waste Management Sectors released today (November 27) by the Census and Statistics Department (C&SD), the manufacturing sector's total receipts (comprising sales and other receipts) amounted to $300.0 billion in 2024, representing an increase of 23.3% compared with 2023; on a per company basis, total receipts increased by 25.4% compared with 2023 to $47.3 million in 2024.
 
     Operating expenses and compensation of employees of the manufacturing sector altogether amounted to $283.3 billion in 2024, representing an increase of 24.9% compared with 2023; on a per company basis, they increased by 27.1% compared with 2023 to $44.7 million in 2024.
 
     Gross surplus of the manufacturing sector, which is equal to total receipts less operating expenses and compensation of employees, increased by 1.3% compared with 2023 to $16.7 billion in 2024; on a per company basis, gross surplus increased by 3.1% compared with 2023 to $2.6 million in 2024. Gross surplus accounted for 5.6% of total receipts of this sector in 2024, down by 1.2 percentage point compared with 2023.
 
     Industry value added of the manufacturing sector, which is a broad measure of its contribution to Hong Kong's Gross Domestic Product, increased by 1.7% compared with 2023 to $37.6 billion in 2024; on a per company basis, the industry value added was $5.9 million in 2024, which increased by 3.4% compared with 2023.
 
     Within the manufacturing sector, the four largest industry groupings in terms of industry value added in 2024 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 90.1% of the industry value added of the manufacturing sector.
 
     In the food, beverages and tobacco industry, total receipts amounted to $47.0 billion while operating expenses and compensation of employees totalled $41.0 billion in 2024. Gross surplus amounted to $6.0 billion, accounting for 12.7% of total receipts in 2024. Industry value added slightly increased by 0.7% compared with 2023 to $13.1 billion.
 
     In the metal products, machinery and equipment industry, total receipts amounted to $199.1 billion while operating expenses and compensation of employees totalled $195.2 billion in 2024. Gross surplus amounted to $3.8 billion, accounting for 1.9% of total receipts in 2024. Industry value added increased by 3.7% compared with 2023 to $10.4 billion.
 
     In the chemicals, rubber, plastics and non-metallic mineral products industry, total receipts amounted to $29.4 billion while operating expenses and compensation of employees totalled $25.0 billion in 2024. Gross surplus amounted to $4.4 billion, accounting for 14.9% of total receipts in 2024. Industry value added increased by 7.3% compared with 2023 to $6.9 billion.
 
     In the paper products, printing and reproduction of recorded media industry, total receipts amounted to $10.5 billion while operating expenses and compensation of employees totalled $9.4 billion in 2024. Gross surplus amounted to $1.2 billion, accounting for 11.0% of total receipts in 2024. Industry value added slightly decreased by 0.7% compared with 2023 to $3.6 billion.
 
     Apart from the manufacturing sector, the survey also enumerated companies engaged in electricity and gas supply; and sewerage, waste management and remediation activities.
 
     Total receipts of electricity and gas supply amounted to $78.5 billion, representing a slight increase of 0.5% over 2023.  Operating expenses and compensation of employees totalled $49.7 billion in 2024, representing a decrease of 4.1% compared with 2023. Gross surplus increased by 9.6% compared with 2023 to $28.8 billion in 2024. Gross surplus of electricity and gas supply accounted for 36.7% of total receipts in 2024, up by 3.0 percentage points compared with 2023. Industry value added increased by 12.3% over 2023 to $38.0 billion in 2024.
 
     Total receipts of sewerage, waste management and remediation activities amounted to $6.4 billion, representing an increase of 2.0% over 2023. Operating expenses and compensation of employees totalled $5.5 billion in 2024, representing an increase of 2.1% over 2023. Gross surplus increased by 1.1% compared with 2023 to $0.8 billion in 2024. Gross surplus of sewerage, waste management and remediation activities accounted for 12.9% of total receipts in 2024, down by 0.1 percentage point compared with 2023. Industry value added increased by 6.4% over 2023 to $1.9 billion in 2024.
 
     Selected statistics for manufacturing; electricity and gas supply; and sewerage, waste management and remediation activities are shown in the attached table.
 
     More detailed survey results on manufacturing; electricity and gas supply; and sewerage, waste management and remediation activities will be given in the report "Key Statistics on Business Performance and Operating Characteristics of the Manufacturing, Energy Supply and Waste Management Sectors in 2024". Users can browse and download this report at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1080012&scode=310) as from end-December 2025.
 
     For enquiries about the key statistics on business performance and operating characteristics of the manufacturing, energy supply and waste management sectors, please contact the Industrial Production Statistics Section of the C&SD (Tel: 3903 7246; email: manufacturing@censtatd.gov.hk).

Ends/Thursday, November 27, 2025
Issued at HKT 16:30

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