Hong Kong’s exports surged 35.8% year-on-year to a record high of $61.8 billion, accelerating from a 24.7% increase in the previous month and marking the fastest annual growth since January 2021. The expansion was largely driven by robust shipments of electrical machinery, apparatus and appliances, and parts thereof (up 47.9% vs 30.8% in February); telecommunications, sound recording and reproducing apparatus and equipment (up 94.7% vs 41.5%); and power-generating machinery and equipment (up 35.9% vs 4.4%).
By contrast, export growth moderated for office machines and automatic data processing machines (5% vs 7% previously), miscellaneous manufactured articles (28.4% vs 52.3%), and non-ferrous metals (175.9% vs 289.4%).
Regionally, exports to Asia rose 37.8%, led by Singapore (125%), Malaysia (62.3%), and Thailand (61.7%). Other major growth destinations included the United States (80.8%) and the Netherlands (37.1%), while shipments to the United Kingdom fell 29.1%.
