HKTDC Maintains 3% Export Growth Forecast
HONG KONG, Jun 18, 2025 - (ACN Newswire via SeaPRwire.com) - Hong Kong is still on course for export growth of 3% this year, the Hong Kong Trade Development Council (HKTDC) confirmed today. This timely assessment came as the HKTDC announced the findings of two of its key metrics namely the 2025 Mid-Year Export Review and Outlook and the HKTDC Export Confidence Index 2Q25.Strong frontloading amid tariff uncertaintiesThe city’s 2025 export performance is navigating a period of almost unprecedented turbulence in the global trade arena. Much of this uncertainty has stemmed from the radical shift in US trade policy – particularly the heavy reliance on substantial import tariffs – adopted by President Trump’s administration.In anticipation of a hefty tariff regime, many of Hong Kong’s exporters opted to “frontload” their orders in the early months of 2025 before the new tariffs were implemented. This helped bolster the city’s export figures in the early months of the year and resulted in a number of other positive factors.Low exposure to US marketFirst, Hong Kong has low exposure to the US market when compared with other economies. For instance, US-bound exports in 2024 accounted for jus...
