- Hong Kong's exports surged by 53.4% from a year earlier in June, the largest increase since 1984, according to data released by the Census and Statistics Department.
- The value of exports reached a record high of HK$641.1 billion ($81.8 billion).
- Exports to Singapore jumped by 83%, to Taiwan by 80%, and to mainland China by 59%.
- Shipments to the US rose by 114%.
- Much of the export spike was driven by demand for electronic products fueled by the global buildout of AI infrastructure.
- Robust demand for AI-related electronic products globally should continue to support Hong Kong’s merchandise trade performance.
Hong Kong's exports experienced a remarkable surge of 53.4% in June, marking the highest growth since 1984. This increase was largely attributed to the global demand for AI-related electronic products, as reported by the Census and Statistics Department.
The total export value reached a record high of HK$641.1 billion (approximately $81.8 billion), with significant contributions from electrical machinery, data processing machines, and telecommunications equipment. A government spokesperson noted, “Looking ahead, the robust demand for AI-related electronic products globally should render continued support to Hong Kong’s merchandise trade performance.”6
In terms of regional exports, Hong Kong saw a remarkable 83% increase in shipments to Singapore, 80% to Taiwan, and 59% to mainland China. Notably, exports to the US skyrocketed by 114%, highlighting the city's expanding trade relationships outside Asia. Meanwhile, imports also rose significantly, increasing by 45.4% year-on-year, the strongest growth since 1992.
“The surge in exports, valued at HK$641.1 billion ($81.8 billion), was largely driven by demand for electronic products linked to AI infrastructure. A government spokesperson noted that the robust global demand for AI-related products is expected to continue supporting Hong Kong's merchandise trade performance.”
