HK's exports surge nearly 65pc in September
Hong Kong’s exports and imports both rose for September, according to data released by the Census and Statistics Department on Wednesday, with the increase in exports marking the fastest monthly year-on-year growth in more than four decades. The value of total exports of goods surged by 64.9 percent compared to a year earlier to HK$762.6 billion in September. It followed a year-on-year increase…
Hong Kong's exports and imports both experienced significant growth in September, according to recently released data. Exports saw the fastest year-on-year increase in over four decades, surging by 64.9 percent to reach HK$762.6 billion. This followed a 53 percent year-on-year increase in August. Imports also rose by 57.8 percent to HK$808.9 billion, resulting in a trade deficit of HK$417.7 billion, or seven percent of imports value, for the first nine months of the year.
The government attributes the strong trade performance to the continued growth of AI-related electronic products, noting that exports have increased by double-digits for the 20th consecutive month. The statement also highlighted that Hong Kong's merchandise trade performance is expected to benefit from strong AI-related investments and resilient global economic growth.
However, external uncertainties such as the Middle East conflict, trade protectionist measures from major economies, and the rapid expansion of AI investment globally warrant close monitoring.
Written by urgent.news from RTHK News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
