Total exports rise 35.8% to $618.4b in March

Exports of non-ferrous metals spiked by 175.9%

The value of total exports in Hong Kong rose by 35.8% year-on-year to $618.4b in March, following a 24.7% increase in February, according to the Census and Statistics Department.

Imports increased by 41.2% to $707.5b, after a 29.9% rise in the previous month. Visible trade deficit stood at $89.1b, equivalent to 12.6% of imports.

For the first quarter of the year, the value of total exports grew by 32% over the same period in 2025. Concurrently, the value of imports of goods expanded by 37%.

In March, exports of electrical machinery and parts rose by 47.9%, whilst telecommunications and sound equipment increased by 94.7%. Exports of non-ferrous metals also rose by 175.9%.

Imports showed similar trends, with electrical machinery and parts increasing by 49.5%, telecommunications equipment up by 93%, and non-ferrous metals rising by 403.6%.

A government spokesman said export growth was supported by strong global demand for AI-related electronic products, with most markets and major commodity groups recording gains.

However, rising geopolitical tensions in the Middle East and higher energy prices pose downside risks to the near-term global outlook, with potential disruptions to trade flows and supply chains.