HONG KONG — Hong Kong's merchandise exports surged 53.4% year-on-year to HK$641.1 billion in June 2026, according to data released by the Census and Statistics Department. For the first half of the year, total exports reached HK$3,416.0 billion, a 39.1% increase over the same period in 2025, reflecting robust growth underpinned by strong global demand for electronics amid the accelerated adoption of artificial intelligence.
“Hong Kong’s exports sustained robust growth in the first half of 2026, underpinned by strong demand for electronics amid the accelerated adoption of artificial intelligence worldwide,” said Bruce Pang, Director of Research at the Hong Kong Trade Development Council (HKTDC). He noted that year-on-year growth rates to Asia, the Chinese Mainland, and the USA all accelerated in June compared to May.
On July 24, the United States imposed new tariffs of 10% or 12.5% on imports from 60 trading partners, including the Chinese Mainland and Hong Kong, which face a 12.5% tariff. These replace previous temporary 10% universal tariffs that expired on the same date. While the tariff increase will affect Hong Kong's exports to the US, Pang highlighted that various exemptions remain, including for certain electronic products, which account for the majority of Hong Kong's exports to the US. As a result, the impact on Hong Kong's export performance is likely to be limited. The anticipated meeting between Chinese and US leaders in September, alongside continued bilateral dialogue, may foster a more accommodative trade environment.
Looking ahead, global business prospects will hinge on developments in the Middle East. Recent renewed conflicts have pushed oil prices higher, while concerns over rising inflationary pressures have prompted several central banks to tighten monetary policy. The global economy and end-market demand could slow if tensions persist and more central banks pivot toward tighter policy to combat inflation.
“On the whole, Hong Kong’s merchandise exports could see moderating growth momentum in the coming months, amid a likely gradual steadying of the technology upcycle, an easing global economy, as well as the high-base effect from last year,” Pang added. “We continue to uphold our forecast that Hong Kong’s full year exports in 2026 will register growth of over 20%.”
The HKTDC, established in 1966, is a statutory body promoting Hong Kong's trade. It organizes international exhibitions, conferences, and business missions to create opportunities for companies, especially SMEs. More information is available on the HKTDC website and its media room.
