Exports in Hong Kong
Hong Kong - Exports
The economy likely shrank sharply in Q1 2022, as Covid-19 cases surged to record highs and led to tighter restrictions on social gatherings and the services sector. In the quarter, the private-sector PMI averaged deep in contractionary territory and the unemployment rate rose notably, while retail sales plummeted in February. Turning to Q2, prospects are somewhat better, as in April most sports and entertainment facilities reopened. Moreover, the new consumption voucher scheme should be supporting private spending. However, frequent flight bans are disrupting the travel industry, and worsening momentum in mainland China will be hitting the external sector. In politics, veteran police officer John Lee is likely to become Chief Executive in the May elections, highlighting Beijing’s focus on security over economic considerations.Hong Kong - Exports Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exports (USD billion) | 465 | 462 | 498 | 531 | 510 |
Hong Kong Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.82 | 3.38 % | Dec 31 |
| Exchange Rate | 7.79 | -0.11 % | Jan 01 |
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Economic News
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Hong Kong: GDP records sharpest contraction since Q3 2020 in the first quarter
May 13, 2022
GDP declined 4.0% year-on-year in the first quarter, below the 4.7% expansion recorded in the fourth quarter of last year.
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Hong Kong: Decline in retail sales softens in March
May 5, 2022
Retail sales fell 16.9% year-on-year in March (February: -17.5% yoy).
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Hong Kong: PMI picks up in April
May 5, 2022
The S&P Global Purchasing Managers’ Index (PMI) jumped to 51.7 in April from March's 42.0.
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Hong Kong: Inflation increases in March
April 22, 2022
Consumer prices increased a seasonally-adjusted 0.30% in March over the previous month, accelerating from February's 0.20% rise.
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Hong Kong: PMI records worst reading since April 2020 in March
April 6, 2022
The S&P Global Purchasing Managers’ Index (PMI) came in at 42.0 in March, down from February's 42.9.
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