Hong Kong's merchandise exports rose 53.4% year-on-year to HK$641.1 billion in June 2026, according to data from the Census and Statistics Department, marking continued robust growth fueled by global demand for artificial intelligence-related electronics. For the first half of 2026, total exports reached HK$3,416.0 billion, up 39.1% compared with the same period last year.
The strong performance was underpinned by accelerated adoption of AI worldwide, said Bruce Pang, Director of Research at the Hong Kong Trade Development Council (HKTDC). He noted that year-on-year growth rates of exports to Asia, the Chinese Mainland, and the USA all accelerated in June compared with May 2026.
However, new US tariffs took effect on July 24, imposing a 12.5% tariff on imports from 60 trading partners, including the Chinese Mainland and Hong Kong, replacing previous temporary 10% universal tariffs. While the increase will affect exports to the US, many electronic products—which make up most of Hong Kong's exports to the US—remain exempt. As a result, the impact on Hong Kong's export performance is likely limited. Additionally, an anticipated meeting between Chinese and US leaders in September, along with continued dialogue, may foster a more accommodative trade environment.
Looking ahead, global business prospects hinge on developments in the Middle East. Renewed conflicts have pushed oil prices higher, and rising inflationary pressures have prompted central banks to tighten monetary policy. If tensions persist and more central banks tighten policy, global demand could slow.
Pang stated that Hong Kong's export growth may moderate in coming months due to a steadying technology upcycle, a slowing global economy, and a high-base effect from last year. Nonetheless, HKTDC maintains its forecast that full-year exports in 2026 will register growth of over 20%. For more details, visit the HKTDC Media Room.
