Hong Kong Exports Accelerate in May

Exports from Hong Kong rose 15.5% YoY to $434.1 billion in May 2025, following a 14.7% increase in April.

Exports to Asian markets expanded robustly by 21.8%, with notable gains in Japan (+96.2%), Malaysia (+55.3%), Taiwan (+54.8%), Vietnam (+41.2%), India (+35.1%) and mainland China (+17.6%).

In contrast, shipments to regions outside Asia declined, particularly to the US (-18.4%) and the United Kingdom (-52.0%).

By product category, exports rose across most sectors, led by electrical machinery and apparatus (15.5% vs 18.7% in April), office machines and automatic data processing machines (44.9% vs 46.0%), telecommunications and sound recording and reproducing equipment (21.3% vs 8.5%), miscellaneous manufactured articles (13.0% vs 0.4%), and power generating machinery and equipment (23.2% vs 3.8%).

In contrast, exports fell in non-metallic mineral manufactures (-16.3% vs -22.3%) and non-ferrous metals (-19.7% vs -18.2%).