Hong Kong Exports Surge 35.8% in March, HKTDC Sees Steady Growth Despite Geopolitical Risks
Hong Kong's merchandise exports soared 35.8% year-on-year in March 2026, driven by global demand for electronics and intermediate goods, with the HKTDC expressing cautious optimism amid Middle East tensions and supply chain realignments.
Hong Kong's export sector continued its strong performance in March 2026, with total merchandise exports surging 35.8% year-on-year to HK$618.4 billion, according to data released by the Census and Statistics Department. For the first quarter of 2026, exports of goods totaled HK$1,546.2 billion, marking a robust 32.0% increase compared with the same period last year.
The Hong Kong Trade Development Council (HKTDC) commented on the outlook, with Bruce Pang, Director of Research, stating that exports are expected to remain steady at least in the near term, despite elevated energy prices arising from ongoing tensions in the Middle East. Pang highlighted that Hong Kong's external trade has continued to exhibit clear growth momentum, underpinned primarily by sustained global demand for electronic items and other intermediate goods that are integral to regional and global supply chains.
Resilient input demand from the Chinese Mainland and other ASEAN production sites, together with stable demand from major overseas markets, has provided a solid buffer against external headwinds, Pang noted. While geopolitical uncertainties persist and energy prices are likely to remain relatively high, continued industrial activity in major markets, as well as ongoing supply-chain realignments, are expected to lend ongoing support to Hong Kong's trade flows.
“Overall, we maintain a cautiously optimistic outlook for Hong Kong’s trade performance, while remaining mindful of potential volatility arising from geopolitical developments and cost pressures,” Pang added.
The strong export figures underscore Hong Kong's role as a key link in global supply chains, benefiting from robust demand for technology components and intermediate goods. The HKTDC, which celebrates its 60th anniversary this year, continues to promote Hong Kong as a two-way global investment and business hub, organizing international exhibitions and business missions to create opportunities for companies, particularly SMEs.
For more information on Hong Kong's trade performance and outlook, visit the HKTDC Media Room.