January exports rise 18.4% YoY

The total goods exports valued at $459.5b.

The Census and Statistics Department announced the value of Hong Kong's total goods exports increased 18.4% to $459.5b in January 2022.

The value of imports of goods rose 9.6% to $452.9b for the same period. A trade surplus of $6.6b, or 1.5% of the value of imports, was recorded for the month.

The government said the value of merchandise exports grew further by 18.4% in January over a year earlier. Exports to China, the US, the EU, and other major Asian markets expanded visibly. This figure may be distorted by the different timing of the Lunar New Year compared to last year.

Looking ahead, the continued revival of external demand should render support to Hong Kong's export performance. However, the evolving pandemic and the resulted global supply chain and transportation disruptions remain major concerns. Geopolitical tensions in Europe, the development of China-US relations, and the monetary and fiscal policies in major economies also warrant attention, the Government added.