Exports in Hong Kong

Hong Kong Exports | Economic News & Forecasts

Hong Kong - Exports

The economy likely remained hamstrung in the second quarter, after contracting at the steepest pace on record in the first quarter. Lockdown restrictions were gradually lifted since April–May; however, boding ill for private consumption, the unemployment rate spiked in May to the highest level since September 2005, while retail sales plummeted by over a third in the same month. Furthermore, although the manufacturing PMI posted the best reading since March 2018 in June, it still indicated deteriorating conditions for the 27th consecutive month, while business confidence was anemic in Q2. On the political front, the anti-subversion law China imposed on Hong Kong in June is stoking major economic uncertainty. Consequently, in mid-July the Trump administration banned exports of sensitive technologies and Hong Kong will now face the same scrutiny as mainland China—which will likely hamper the external sector and business investment ahead.

Hong Kong - Exports Data

2015   2016   2017   2018   2019  
Exports (USD billion)465  462  498  531  510  

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Value Change Date
Bond Yield1.823.38 %Dec 31
Exchange Rate7.79-0.11 %Jan 01

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