HONG KONG  – Hong Kong’s economy is poised for continued growth in 2025, with exports forecast to increase by 4%, according to the latest report from the Hong Kong Trade Development Council (HKTDC) Research. This positive outlook, part of the HKTDC’s annual Export Outlook, reflects the upward trajectory in the city’s export performance sustained throughout 2024.

The HKTDC’s export forecast considers a range of global, regional, and local economic factors, providing an insightful projection for Hong Kong’s international trade landscape in the coming year. Despite global economic uncertainties, the territory’s robust export sector remains a key growth driver, particularly in the electronics industry.

Electronics and Consumer Demand Fueling Export Growth

Electronics have been the standout performer for Hong Kong exports, with the sector experiencing a 13.5% year-on-year increase in the first ten months of 2024. According to the HKTDC’s forecast, this momentum is expected to continue in 2025, bolstered by sustained global demand for advanced digital technologies, especially AI-powered systems.

Irina Fan, Director of HKTDC Research, highlighted that the electronics sector would continue to lead Hong Kong’s export growth in the coming year. “The launch of next-generation AI-integrated smartphones, PCs, and other digital devices will further drive consumer sales, strengthening the electronics sector’s role in Hong Kong’s economic recovery and expansion,” Fan said.

Growing Trade with ASEAN and Mainland China

In addition to the electronics sector, Hong Kong’s exports will benefit from growing demand in ASEAN countries and Mainland China. The city’s strong trade relations within the region are expected to foster continued growth in these markets, further supporting the forecasted 4% increase in export levels for 2025.

Overall, Hong Kong’s economic outlook remains promising, with strong export growth in key sectors, particularly electronics, helping to drive the city’s economic recovery as it moves into 2025. (zai)