Hong Kong’s exports rise 14.5%, better than expected, amid extended trade truce Hong Kong’s exports rose by 14.5 per cent in August year on year, amid a Sino-US trade truce and a surprise rebound in shipments to America and Europe, alongside continued solid demand in Asia, which helped offset wider economic uncertainties. The month also saw the extension of a trade truce for another 90 days over so-called reciprocal tariffs the US imposed on mainland China and Hong Kong. The Census and Statistics Department said on Thursday that the value of the city’s total exports for that month reached HK$436.6 billion (US$56.14 billion). The year-on-year increase marked an uptick from the 14.3 per cent recorded in July and the 11.9 per cent logged in June. For the first eight months of 2025, the value of total exports and imports of goods both jumped by 13 per cent over the same period last year. In August, imports grew by 11.5 per cent to HK$462 billion, resulting in a trade deficit of HK$25.4 billion. A government spokesman said exports to the mainland and most other Asian markets continued to post solid growth, and exports to the United States and the European Union turned to increases. “Looking ahead, sustained economic growth in Asia, in particular the mainland, together with Hong Kong’s enhanced economic and trade ties with different markets, should continue to provide support to Hong Kong’s merchandise trade performance,” he said. “Yet, the United States’ trade policy will continue to affect the near-term outlook of international trade flows. The government will monitor the situation closely and stay vigilant.” On August 12, US President Donald Trump agreed to extend an existing trade truce for another 90 days on November 10. This means the current 10 per cent “reciprocal” tariff on Chinese imports would continue to be in effect until then. The trade figures for August also marked a significant turnaround in trade with Western economies. Exports to the US jumped by 17.3 per cent, while shipments to the United Kingdom soared by 55.8 per cent. Total exports to Asia as a whole also climbed by 12.6 per cent, with strong increases in terms of Malaysia, at 73.6 per cent, and the mainland, at 8.2 per cent. An analysis by commodity showed that shipments of “electrical machinery, apparatus and appliances, and electrical parts thereof” increased by 15.7 per cent, or HK$29.4 billion. https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3326834/hong-kongs-exports-rise-145-better-expected-amid-extended-trade-truce (ICE HONG KONG)

Fonte notizia: South China Morning Post