Hong Kong’s merchandise exports surged 40.8% year-on-year to HK$611.2 billion in May, driven by robust electronics demand fueled by the global artificial intelligence (AI) boom, 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, marking a 36.2% increase compared with the same period last year.
“Hong Kong’s export performance continues to be underpinned by robust electronics demand, fueled by the ongoing surge in artificial intelligence (AI) adoption worldwide,” said Bruce Pang, Director of Research at the Hong Kong Trade Development Council (HKTDC). The strong growth reflects the deepening integration of AI technologies across industries, from data centers to consumer electronics, driving demand for semiconductors, components, and finished goods.
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 (MoU) signed in mid-June—despite potential volatility—together with softer oil prices, is expected to positively impact business prospects. “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 implications for business leaders are significant. The sustained AI-driven demand signals a long-term shift in global trade patterns, with Hong Kong positioned as a key hub for electronics exports. Companies reliant on semiconductor supply chains should monitor geopolitical risks and energy price fluctuations, which could affect production costs and logistics. The HKTDC’s upcoming export forecast, to be unveiled at a press conference on Monday, 29 June, will provide further clarity on the trajectory for the remainder of 2026.
The HKTDC, celebrating its 60th anniversary this year, promotes Hong Kong as a two-way global investment and business hub. With over 50 offices globally, including 13 in the Chinese Mainland, the council organizes international exhibitions, conferences, and business missions to create opportunities for companies, particularly SMEs. For more market insights, visit the HKTDC Media Room.
