HK exports surge by more than 50pc in July

Hong Kong's exports surged more than 50% in July, driven by demand for AI-related products, according to the latest data from the Census and Statistics Department. The value of the city's total exports of goods rose to an impressive HK$672.5 billion, marking a 50.7% increase compared to the previous year. June also saw a significant jump in exports, with a 53% increase year-on-year. Imports followed suit, increasing by 41% to HK$677.4 billion, the department reported.

Over the first seven months of the year, Hong Kong recorded a 40.9% increase in the value of its exports and a 40.6% increase in the value of its imports compared to the same period in 2025. However, the city still had a trade deficit of HK$299.4 billion, equivalent to 6.8% of its imports. A government spokesman praised Hong Kong's "impressive growth" in exports of AI-related electronic products, attributing this success to robust global demand for these goods.

Nevertheless, he cautioned that downside risks persist due to geopolitical tensions in the Middle East, trade protectionism among advanced economies, and the rapid expansion of global investment in AI.