Hong Kong’s merchandise exports rose by 40.8% year-on-year to HK$611.2 billion in May, according to data released by the Census and Statistics Department. For the first five months of 2026, total exports of goods reached HK$2,776.6 billion, representing robust growth of 36.2% compared with the same period last year. The Hong Kong Trade Development Council (HKTDC) attributed the strong performance to surging global demand for electronics driven by the artificial intelligence (AI) boom.
“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 HKTDC. The AI wave has spurred demand for semiconductors, servers, and other high-tech components, many of which are traded through Hong Kong. This trend has been a key driver of the city’s export growth, and it shows no signs of slowing.
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 MoU signed in mid-June—despite potential volatility—together with softer oil prices, is expected to positively impact business prospects. Lower energy costs could reduce production expenses for manufacturers and improve margins, while geopolitical stability supports trade flows.
“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 technology upcycle, particularly in AI and related fields, remains a critical pillar. However, risks such as renewed trade tensions or supply chain disruptions could temper growth.
HKTDC Research will unveil its latest export forecast at a press conference on Monday, 29 June. The update is highly anticipated by businesses and analysts seeking insights into the trajectory of Hong Kong’s trade amid a complex global environment. The HKTDC, celebrating its 60th anniversary this year, continues to play a pivotal role in supporting Hong Kong’s trade sector through research, exhibitions, and business missions. For more details, visit the HKTDC Media Room.
The implications of Hong Kong’s export surge are significant. For the global tech industry, strong demand signals sustained investment in AI infrastructure, benefiting chipmakers and equipment suppliers. For Hong Kong, it reinforces its position as a key logistics and trade hub, while its export-driven economy gains momentum. Businesses reliant on electronics trade should prepare for continued growth, but remain vigilant about geopolitical risks and energy price fluctuations. The coming months will test whether this pace can be maintained, especially as central banks worldwide adjust monetary policies and as AI adoption matures across different sectors.
