HK exports surge to nearly all major markets
Hong Kong recorded year-on-year increases in both exports and imports last month, with the outflow to almost all major markets seeing a sharp surge, the government said. Figures released by the Census and Statistics Department on Thursday showed that the value of total exports of goods increased by 53 percent over a year earlier to HK$667.9 billion in August. This came after a year-on-year…
Hong Kong's exports surged to nearly all major markets last month, with significant increases in both goods exported and imported, the government reported. According to figures released by the Census and Statistics Department on Thursday, total goods exports rose 53 percent year-on-year to HK$667.9 billion in August, following a 50.7 percent increase in July.
Imports also climbed 60 percent year-on-year to HK$739.1 billion, compared to a 41 percent rise in July. Over the first eight months of the year, Hong Kong's exports grew by 42.5 percent, while imports increased by 43.2 percent. A trade deficit of HK$371.2 billion, or 7.2 percent of imports, was recorded. A government spokesman attributed Hong Kong's merchandise exports surge to robust demand for AI-related electronic products.
He stated that exports to all major markets have increased markedly, and sustained global demand for AI products is expected to support Hong Kong's trade performance. However, the spokesman noted that geopolitical tensions in the Middle East and protectionist trade measures among advanced economies could keep the external environment uncertain.
Written by urgent.news from RTHK English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
