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. The strong performance underscores the pivotal role of artificial intelligence (AI) in reshaping global trade dynamics.
“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 (HKTDC). The AI boom has spurred demand for semiconductors, data center equipment, and other high-tech components, which are key categories in Hong Kong's export portfolio.
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. These geopolitical developments are crucial for Hong Kong as a trade hub, affecting supply chains and investor confidence.
“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. The sustained growth in exports highlights the city's resilience and its strategic position in the global technology supply chain. However, risks remain, including potential disruptions from geopolitical tensions and fluctuations in energy costs.
HKTDC Research will unveil its latest export forecast at a press conference on Monday, 29 June. This announcement is closely watched by businesses and policymakers as it will provide forward-looking insights into Hong Kong's trade trajectory amid the AI-driven transformation. The HKTDC, celebrating its 60th anniversary this year, continues to play a vital role in supporting Hong Kong's trade through research, exhibitions, and business missions. For more details, visit HKTDC's website.
