, Hong Kong
Photo by Catgirlmutant on Unsplash

Retail sales value jumps 7% YoY in January

The total value stood at $36.2b.

The total retail sales value hit $36.2b in January, an increase of 7% from the same month in 2022.

Of the total sales value, 8.2% or $3b was from online sales. Compared with a year ago, the online retail sales value dropped 4.2%.

In the same month, the value of sales of other consumer goods not elsewhere classified increased by 6% YoY.

Other retail outlets which recorded sales value increase were jewellery, watches and clocks, and valuable gifts (+23.1% in value); electrical goods and other consumer durable goods not elsewhere classified (+13.4%); wearing apparel (+14.4%); commodities in department stores (+3.9%); medicines and cosmetics (+15.3%); motor vehicles and parts (+1.3%); footwear, allied products and other clothing accessories (+16%); Chinese drugs and herbs (+38.5%); books, newspapers, stationery and gifts (+20.3%); and optical shops (+13.8%).

On the flip side, the value of sales of commodities in supermarkets dipped 7.2% for the period, followed by sales of food, alcoholic drinks and tobacco (-1% in value); fuels (-0.1%); and furniture and fixtures (-21.3%).

The Census & Statistics Department (C&SD), citing the government, said the value of retail sales rose further in January due to improved consumer sentiment, helped by the early arrival of the Lunar New Year.

Looking ahead, the government said  the "continuous return of economic activities to normalcy and a further rebound in the number of visitor arrivals will benefit the retail sector."

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Credit Data Smart ushers in new era of credit scoring
It’s expected to promote healthy competition and improve credit knowledge of locals.
Privatisation deals drive M&A activity in Hong Kong
L’Occitane and China Traditional Chinese Medicine Holdings are among the companies delisting from HKEX.
Niche crisis pushes Hong Kong towards green burials
Companies may offer boat trips for scattering ashes as interest in green burials rises.