Global AI Boom Drives Strong Growth in Hong Kong's May Exports
Hong Kong’s
merchandise exports rose by 40.8% year-on-year to HK$611.2 billion in May,
according to data released today by the Census and Statistics Department. For
the first five months of 2026, total exports of goods reached HK$2,776.6
billion, representing robust growth of 36.2% compared with the same period last
year.
“Hong Kong’s export
performance continues to be underpinned by robust electronics demand, fueled by
the ongoing surge in artificial intelligence (AI) adoption worldwide,”
said Bruce Pang, Director of Research at the Hong Kong Trade
Development Council.
Market sentiment
improved somewhat following the Xi-Trump meeting in Beijing in mid-May, though
concerns over the Middle East conflict lingered. Looking ahead, the tentative
easing of tensions after the US–Iran MoU signed in mid-June - despite potential
volatility - together with softer oil prices, is expected to positively impact
business prospects.
“Overall, Hong Kong’s
trade outlook will continue to hinge on several factors, including the
technology upcycle, geopolitical developments, energy prices and global
end-market demand,” Mr Pang added.
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