Hong Kong Exports Jump 64.9% in September, Fastest Growth in 40 Years

Hong Kong’s exports rose 64.9 per cent year on year in September, reaching a total value of HK$762.6 billion (US$97.8 billion), according to provisional figures released by the Census and Statistics Department.

The increase followed a 53 per cent surge in August and marked the 20th consecutive month of double-digit growth, the department’s figures showed.

Fastest growth in more than four decades

September’s expansion was the highest since growth of 65.1 per cent was recorded in January 1984, making it the fastest monthly year-on-year increase in more than 40 years.

A government spokesman described the September rise as the fastest monthly year-on-year increase in more than four decades.

Artificial intelligence-related products further fuelled the export momentum seen in recent months, according to the report.

The figures place September’s performance above the previous monthly growth recorded in August and highlight the continued run of double-digit increases in Hong Kong’s exports.

The latest data also show that the export surge has continued into its 20th consecutive month, while AI-related products have added to the momentum during the recent period.

Source: South China Morning Post