Hong Kong’s merchandise exports rose by 40.8% year-on-year to HK$611.2 billion in May, driven by surging global demand for artificial intelligence (AI)-related electronics, 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 Hong Kong Trade Development Council (HKTDC) reported.
“Hong Kong’s export performance continues to be underpinned by robust electronics demand, fueled by the ongoing surge in artificial intelligence adoption worldwide,” said Bruce Pang, Director of Research at HKTDC. The AI boom has spurred demand for semiconductors, data center equipment, and other high-tech components, which are key export categories for Hong Kong.
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 Memorandum of Understanding signed in mid-June — despite potential volatility — together with softer oil prices, is expected to positively impact business prospects, Pang noted.
“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 HKTDC Research will unveil its latest export forecast at a press conference on Monday, 29 June.
The strong export figures underscore Hong Kong’s role as a key hub for electronics trade, benefiting from the global push toward AI and digital transformation. However, risks remain from geopolitical tensions and energy price fluctuations that could affect future trade flows. For more details, visit the HKTDC Media Room.
