FX.co ★ Hong Kong Exports Growth at 14-Month High

In March 2025, Hong Kong's export figures experienced a significant increase, rising by 18.5% year-on-year to reach $455.5 billion. This notable growth marks an acceleration from the 15.4% rise observed in the previous month and represents the most substantial growth in export activities since January 2024. The surge was led by a remarkable increase in shipments of office machines and automatic data processing machines, which jumped by 133.5% compared to 68.9% in February. Additionally, there was a recovery in exports of miscellaneous manufactured articles, which grew by 23.3% after a decline of 4.3% previously. Meanwhile, the rate of decline for telecommunications and sound recording and reproducing equipment lessened, slowing to a 7.3% drop from 12.2%. Similarly, the decrease was less pronounced for non-metallic mineral manufactures, down by 23.6% compared to the previous 28.8% decline, and for non-ferrous metals, which saw a minor drop of 0.8% after a 21.1% decline. On the other hand, exports of electrical machinery, apparatus and appliances, and electrical parts thereof experienced a slowdown, increasing by 11.1% compared to the prior 20.8%, and exports of power generating machinery and equipment rose by 27.5%, down from 37.4%. Examining specific markets, exports to Taiwan increased by 61.3%, to Vietnam by 41.3%, and to Mainland China by 25.4%. However, shipments to the UAE experienced a significant decline, dropping by 34.7%.