Hong Kong’s merchandise exports rose by 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 six months of 2026, total exports of goods reached HK$3,416.0 billion, representing robust growth of 39.1% compared with the same period last year.
“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 (AI) worldwide. Meanwhile, in June 2026, the year-on-year growth rates of total exports to Asia, as well as to the Chinese Mainland and the USA, all accelerated compared with May 2026,” said Bruce Pang, Director of Research at the Hong Kong Trade Development Council (HKTDC).
The strong performance comes despite new tariffs imposed by the United States on July 24, 2026, which introduced duties of 10% or 12.5% on imports from 60 trading partners, including the Chinese Mainland and Hong Kong. Hong Kong and the Chinese Mainland are subject to a 12.5% tariff, replacing previous temporary 10% universal tariffs that expired on the same date. While the tariff increase will affect Hong Kong’s exports to the United States, various exemptions remain in place, including for certain electronic products, which account for the majority of Hong Kong’s exports to the nation. As such, the impact of the new tariffs on Hong Kong’s export performance is likely to be limited.
Additionally, the anticipated meeting between Chinese and US leaders in September, together with continued bilateral dialogue, may help foster a more accommodative China-US trade environment, according to HKTDC.
Looking ahead, global business prospects will continue to hinge on developments in the Middle East. Recent renewed conflicts have pushed oil prices higher, while concerns over rising inflationary pressures have prompted a number of central banks to tighten monetary policy. The global economy, along with end-market demand, will slow down if tensions in the Middle East persist and more central banks pivot toward tighter monetary 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. We continue to uphold our forecast that Hong Kong’s full year exports in 2026 will register growth of over 20%,” Mr Pang added.
For more information, visit the HKTDC Media Room at https://mediaroom.hktdc.com/en.
