Hong Kong exports surge 53% to HK$667.9 billion, second highest on record
The recent strength in Hong Kong’s exports extended into August, with the value jumping by 53 per cent to HK$667.9 billion (US$85.6 billion) – the second-highest level on record after July’s peak – on strong demand for artificial intelligence-related products. Provisional figures released by the Census and Statistics Department on Thursday showed that the total value of exports rose to HK$667.9…
Hong Kong's exports surged 53% in August, reaching HK$667.9 billion (US$85.6 billion), the second-highest level on record. The strong demand for artificial intelligence-related products played a significant role in the growth. July had set the previous record with a HK$672.51 billion export value. Imports increased by 60% to HK$739.1 billion, resulting in a trade deficit of HK$71.2 billion, or 9.6% of import value.
This marks the 19th consecutive month of double-digit growth in Hong Kong's exports. The government expects sustained global demand for AI-related electronics to continue supporting Hong Kong's merchandise trade performance, despite uncertainties caused by geopolitical tensions and protectionist trade measures among major economies.
Written by urgent.news from South China Morning Post - Hong Kong's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
