, Hong Kong
Photo from news.gov.hk

Retail sales value rises 5.6% YoY in October

The total value stood at $33.8b.

The total retail sales value hit $33.8b in October, an increase of 5.6% from the same month in 2022.

Of the total sales value, 11% or $3.7b was from online sales. Compared with a year ago, the online retail sales value rose 8.4%.

Amongst retail outlets, "apparel" recorded the biggest improvement, with sales increasing 29.9% YoY.

In the same month, the value of sales of "jewellery, watches and clocks, and valuable gifts" and "other consumer goods not elsewhere classified" increased by 27.4% YoY and 24.8% YoY, respectively. 

Other retail outlets which recorded sales value increase were food, alcoholic drinks and tobacco (+1.3%); commodities in department stores (+1%); medicines and cosmetics (+23.5%); books, newspapers, stationery and gifts (+1.8%); and footwear, allied products and other clothing accessories (+2.5%).

food, alcoholic drinks and tobacco (+4.4%); medicines and cosmetics (+51.5%); motor vehicles and parts (+54.7%); footwear, allied products and other clothing accessories (+17.9%); Chinese drugs and herbs (+35.1%); books, newspapers, stationery and gifts (+17.9%); and optical shops (+16.4%).

On the flip side, the value of sales of electrical goods and other consumer durable goods not elsewhere classified dipped by 12.5% YoY, followed by sales of supermarkets (-5.8% YoY); motor vehicles and parts (-4.8% YoY); fuels (-17.3% YoY); furniture and fixtures (-24.8% YoY); and Chinese drugs and herbs (-2% YoY).

The Census & Statistics Department (C&SD), citing the government, said the value of retail sales “had risen alongside a continued revival of inbound tourism."

Looking ahead, the government said, " a further anticipated recovery in visitor arrivals should benefit the retail sector, and that continued improvement in household income and various activities that bolster the economy, including the Night Vibes Hong Kong campaign, will provide support."

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!


HK scraps MPF Offsetting Scheme to enhance employee protection
Starting 2025, employers are no longer allowed to offset long service and severance payments from its Mandatory Provident Fund contributions.