According to the results of the 2024 Annual Survey of Economic Activities – Transportation, Storage and Courier Services Sector released today (November 27) by the Census and Statistics Department (C&SD), total receipts (comprising business receipts and other income) of the transportation, storage and courier services sector amounted to $755.6 billion in 2024, representing an increase of 12.5% compared with 2023; on a per company basis, total receipts increased by 14.0% compared with 2023 to $27.6 million in 2024.
 
     Operating expenses and compensation of employees of this sector altogether amounted to $630.9 billion in 2024, representing an increase of 12.4% compared with 2023; on a per company basis, they increased by 13.9% compared with 2023 to $23.1 million in 2024.
 
     Gross surplus of the sector, which is equal to total receipts less operating expenses and compensation of employees, increased by 13.4% compared with 2023 to $124.7 billion in 2024; on a per company basis, gross surplus increased from $4.0 million in 2023 to $4.6 million in 2024. Gross surplus accounted for 16.5% of total receipts of this sector in 2024, up by 0.1 percentage point compared with 2023.
 
     Industry value added of the sector, which is a broad measure of its contribution to Hong Kong's Gross Domestic Product, increased by 12.0% compared with 2023 to $197.3 billion in 2024; on a per company basis, industry value added was $7.2 million in 2024, which increased by 13.4% compared with 2023.
 
     According to the survey results, it was estimated that the sector comprised about 27 300 companies and engaged about 209 900 persons, or an average of 7.7 persons per company, in 2024.
 
     Within the transportation, storage and courier services sector, the five largest industry groupings in terms of industry value added in 2024 were (1) air transport and service activities incidental to air transportation, (2) cross-border water transport, (3) land passenger transport, (4) other transportation support activities, and (5) land freight transport. They together accounted for 87.5% of the industry value added of the sector.
 
     In the air transport and service activities incidental to air transportation industry, total receipts amounted to $165.8 billion while operating expenses and compensation of employees totalled $132.2 billion in 2024. Gross surplus decreased from $35.1 billion in 2023 to $33.7 billion in 2024, accounting for 20.3% of total receipts in 2024. Industry value added increased by 4.9% compared with 2023 to $62.6 billion.
 
     In the cross-border water transport industry, total receipts amounted to $157.9 billion while operating expenses and compensation of employees totalled $119.9 billion in 2024. Gross surplus increased notably from $26.5 billion in 2023 to $37.9 billion in 2024, accounting for 24.0% of total receipts in 2024. Industry value added also increased notably by 38.7% compared with 2023 to $40.6 billion.
 
     In the land passenger transport industry, total receipts amounted to $62.7 billion while operating expenses and compensation of employees totalled $49.5 billion in 2024. Gross surplus increased from $11.3 billion in 2023 to $13.2 billion in 2024, accounting for 21.1% of total receipts in 2024. Industry value added increased by 11.2% compared with 2023 to $32.1 billion.
 
     In the other transportation support activities industry which comprised mainly cargo forwarders and shipbrokers, total receipts amounted to $264.3 billion while operating expenses and compensation of employees totalled $237.2 billion in 2024.  Gross surplus increased from $22.2 billion in 2023 to $27.1 billion in 2024, accounting for 10.3% of total receipts in 2024.  Industry value added increased by 15.2% compared with 2023 to $26.7 billion.
 
     In the land freight transport industry, total receipts amounted to $26.8 billion while operating expenses and compensation of employees totalled $24.4 billion in 2024. Gross surplus increased from $1.9 billion in 2023 to $2.4 billion in 2024, accounting for 9.1% of total receipts in 2024. Industry value added increased by 15.2% compared with 2023 to $10.7 billion.
 
     Selected statistics for the transportation, storage and courier services sector are shown in the attached table.
 
     More detailed survey results on the transportation, storage and courier services sector will be given in the report "Key Statistics on Business Performance and Operating Characteristics of the Transportation, Storage and Courier Services Sector in 2024". Users can browse and download this report at the website of C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1080010&scode=340) as from end-December 2025.
 
     For enquiries about the key statistics on business performance and operating characteristics of the transportation, storage and courier services sector, please contact the Logistics and Producer Prices Statistics Section of the C&SD (Tel: 3903 7256; email: transport@censtatd.gov.hk).

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

NNNN