Hong Kong's merchandise exports surged 42.9% year-on-year to HK$620.9 billion in April 2026, according to data released by the Census and Statistics Department. For the first four months of 2026, total exports reached HK$2,166.4 billion, up 35% from the same period last year, the Hong Kong Trade Development Council (HKTDC) reported.
Bruce Pang, Director of Research at HKTDC, attributed the strong performance to the global AI-led application upcycle and robust demand for information and communications technology (ICT) equipment, reinforced by supply chain reconfiguration in Asia and higher unit prices. “The strong export performance, in line with HKTDC’s earlier assessment, underscores the resilience of external demand, despite ongoing geopolitical uncertainties,” Pang said.
As a key re-export hub for electronic components and intermediate goods, Hong Kong is well positioned to benefit from the AI-driven technology upcycle. Demand for chips, AI-enabled products, and ICT equipment across major markets—including the Chinese Mainland, ASEAN production bases, and mature markets such as the US—continues to underpin regional trade flows. For further insights on the electronics sector, refer to HKTDC Research’s report: AI Surge Bolsters Electronics Industry from Geopolitical Headwinds.
Elevated oil prices amid geopolitical tensions and rising semiconductor costs have also contributed to higher trade values, supporting export growth in value terms. While this largely reflects price effects rather than volume expansion, it is likely to continue underpinning headline trade figures in the near term.
Additionally, the improved trade environment following the China-US leaders’ meeting in May is expected to boost business sentiment by reducing uncertainties. Against this backdrop, Hong Kong’s export performance is likely to maintain solid growth momentum for the rest of the year, underpinned by its role as a critical node in regional and global supply chains.
However, trade prospects remain subject to geopolitical developments, particularly in the Middle East, as well as the trajectory of energy prices, which could affect trade flows and end-market demand. The HKTDC continues to monitor these factors as Hong Kong navigates the evolving global trade landscape.
