{
  "id": 10454475,
  "title": "Strong AI demand prompts Hong Kong trade body to raise exports growth forecast",
  "url": "https://urgent.news/2026/09/28/strong-ai-demand-prompts-hong-kong-trade-body-to-raise-exports-growth-10454475",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-28T13:29:29.000Z",
  "source": {
    "name": "South China Morning Post",
    "slug": "south-china-morning-post",
    "url": "https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3369092/strong-ai-demand-prompts-hong-kong-trade-body-raise-exports-growth-forecast"
  },
  "original_language": "en",
  "account": "The Trade Development Council has significantly increased its forecast for Hong Kong's export growth in 2026, anticipating a 47% rise, driven by increasing demand for artificial intelligence-related products worldwide. This upward revision comes after the council previously raised its mid-year forecast to 20% in June, from an earlier estimate of 8 to 9%. The latest survey of major exporters revealed sustained business confidence and optimism throughout the third quarter of 2026. The council's research report highlights that Hong Kong's export growth has been propelled by rapid expansion in demand for AI-driven electronic products, reflecting the city's better-than-anticipated performance, with 42.5% year-on-year growth in the first eight months of 2026. Electronics constituted approximately 80% of Hong Kong's total exports in the same period, growing by 52.8% year-on-year. Major markets for these exports include mainland China, the Association of Southeast Asian Nations (Asean), and the United States, all benefitting from strong demand in global technology supply chains. The council notes that while new US tariffs on imports from several trading partners, including Hong Kong, have introduced some uncertainty, the impact on exports is expected to be limited. About 42% of Hong Kong's exports to the US are covered by tariff exemptions, particularly in the technology and electronics sectors, ensuring their resilience.",
  "summary": "Stronger-than-expected global demand for artificial intelligence-related products has prompted the Trade Development Council to sharply raise its full-year forecast for Hong Kong export growth in 2026 to as much as 47 per cent. The latest revision follows the council in June raising its midyear forecast to 20 per cent growth, from an earlier estimate of 8 to 9 per cent. Its latest survey of the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "South China Morning Post",
        "title": "Hong Kong can offer AI governance solutions for major economies: Paul Chan",
        "url": "https://urgent.news/2026/09/27/hong-kong-can-offer-ai-governance-solutions-for-major-economies-paul",
        "published": "2026-09-27T05:43:38.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}