Hong Kong’s import and export volume maintained double-digit growth in August
Quick Look
- Data from the Census and Statistics Department of the Hong Kong SAR Government shows that in August 2026, the overall export and import volume of Hong Kong commodities increased by 28.6% and 34.6% respectively year-on-year, showing a trend of rising volume and price.
- Legislative Council member Chung Qifeng suggested that the industry deepen cooperation with "Belt and Road" countries and called on the government to support small and medium-sized enterprises in coping with cost pressures.
AI-generated summary
Why It Matters
The Census and Statistics Department of the Hong Kong SAR Government regularly releases external merchandise trade statistics, reflecting the performance of local import and export trade.
China News Service, Hong Kong, October 15 (Reporter Zhao Jingyi) Statistics on the value of external merchandise trade released by the Census and Statistics Department of the Hong Kong SAR Government on the 15th showed that Hong Kong’s overall export volume and import volume of goods in August 2026 increased by 28.6% and 34.6% respectively year-on-year, continuing to maintain double-digit growth.
Statistics show that the overall export price and import price of commodities increased by 18.7% and 18% respectively year-on-year in August. In the first eight months, Hong Kong's overall export volume and import volume of goods increased by 29.1% and 30% respectively year-on-year. The overall export price and import price of goods increased by 10.1% and 9.8% respectively year-on-year.
In an interview with a reporter from China News Service, Chung Qifeng, a member of the Hong Kong SAR Legislative Council for import and export, pointed out that the statistical data showed a trend of "increasing volume and price" and that Hong Kong's external merchandise trade showed high resilience.
Faced with the uncertainty of the external environment and the pressure of rising import costs, Zhong Qifeng called on the industry to actively deepen the supply chain connection with countries co-building the "Belt and Road" to diversify risks.
Zhong Qifeng also suggested that the SAR government increase its support for small and medium-sized enterprises to cope with cost pressures and financing problems. He believes that the SAR government should make good use of Hong Kong's unique advantages under "one country, two systems" and accelerate the construction of Hong Kong into a "global high value-added supply chain service center" so as to better integrate into and serve the overall development of the country.
Open Questions
- To what extent will uncertainty in the external environment affect trade growth in the future?
- What specific measures will the government take to support small and medium-sized enterprise financing?
