The value of Hong Kong's overall merchandise exports rose 64.9% year-on-year in September, the largest monthly increase in more than 40 years

China News Service, Hong Kong, October 28 (Reporter Zhao Jingyi) External merchandise trade statistics released by the Census and Statistics Department of the Hong Kong SAR Government on the 28th showed that the overall value of Hong Kong's merchandise exports in September this year was HK$762.6 billion, a year-on-year increase of 64.9%, recording double-digit growth for the 20th consecutive month, setting the largest single-month year-on-year increase in more than 40 years; the value of Hong Kong's merchandise imports in September was HK$808.9 billion, a year-on-year increase of 57.8%.

In the first nine months of this year, the value of Hong Kong's overall exports of goods increased by 45.2% year-on-year, and the value of imports increased by 45% year-on-year. In the first nine months, a tangible trade deficit of HK$417.7 billion was recorded, equivalent to 7% of the value of imported goods during the same period.

Statistics show that the overall value of Hong Kong’s exports to Asia increased by 67.5% year-on-year in September. At the same time, the value of Hong Kong's exports to other regions also recorded increases, with exports to Mexico increasing by 148.1% year-on-year and exports to the United States increasing by 133.4% year-on-year.

A spokesman for the Hong Kong SAR government said that driven by the export performance of artificial intelligence (AI)-related electronic products, the value of merchandise exports in September increased by 64.9% year-on-year. Looking ahead, Hong Kong's merchandise trading performance will continue to benefit from the current strong artificial intelligence-related investment boom and robust global economic growth.

In an interview with a reporter from China News Service, Chung Qifeng, a member of the Legislative Council of the Hong Kong Special Administrative Region, said that foreign merchandise trade statistics in September reflect that, with the help of the country's large and complete intelligent manufacturing system, Hong Kong has become a transfer station for high value-added orders in major markets by virtue of its open business network and flexible deployment capabilities, demonstrating strong risk resistance and growth potential.

He believes that the AI ​​industry wave will continue to inject momentum. Hong Kong's industry should, while consolidating existing markets, deepen supply chain connections with emerging markets and promote Hong Kong to better play its role as a "super contact" and "super value-added person".