HONG KONG, Sep 19, 2022 - (ACN Newswire via SEAPRWire.com) - The sentiment among Hong Kong exporters continues to improve. The HKTDC Export Index increased a further 1.9 points to 32.8 in the third quarter of 2022, indicating a sustained improvement in confidence in the short-term export performance. However, exporters are facing downward pressure on prices, with the Trade Value Index falling 11.5 points to 40.2.HKTDC Director of Research Irina Fan and Corey To announced the HKTDC Export Index for the third quarter of 2022 at a press conference today (19 September).HKTDC Director of Research Irina Fan told a press conference today that a deteriorating external environment was keeping the recovery slower than hoped. "Weakening demand in major markets dampened by high inflation and aggressive monetary tightening, coupled with rising Sino-US trade tensions and other fallouts from the Russia-Ukraine conflict, also cloud the export outlook," she said.The HKTDC conducts the Export Index survey every quarter, interviewing some 500 Hong Kong exporters from six major industries - machinery, electronics, jewellery, watches and clocks, toys and clothing - to gauge business confidence in near-...

HONG KONG, Jun 14, 2022 - (ACN Newswire via SEAPRWire.com) - The HKTDC Export Index grew 6.2 points to 30.9 in the second quarter of 2022, the first rise in the past 12 months, indicating that local exporters have begun to regain confidence in the city's export outlook as the impact of the COVID-19 pandemic gradually subsides and supply chain disruption and logistics bottlenecks show signs of easing.HKTDC Director of Research Irina Fan (R) and Assistant Principal Economist (Greater China) Alice Tsang (L) announced the HKTDC Export Index for the second quarter of 2022 at a press conference today (14 June)"The lockdown measures in Mainland China may have had an impact on local businesses with regard to production shutdowns and delayed shipments. Nevertheless, with the pandemic beginning to recede, cross-border cargo flows and many manufacturing activities getting back to normal, our latest survey findings show a significant improvement in the overall business sentiment, although exporters remain cautious," said Irina Fan, Director of Research, Hong Kong Trade Development Council (HKTDC), speaking at a press conference today.Reduced impactIn the latest survey of local exporters, fewer...

HONG KONG, Mar 17, 2022 - (ACN Newswire via SEAPRWire.com) - The HKTDC Export Index fell by 12.5 points to 24.7 in the first quarter of this year, the Hong Kong Trade Development Council (HKTDC) announced today. "The index shrinking for the third consecutive quarter can be taken as a clear indication that the prospects for short-term export growth are expected to weaken further," said HKTDC Director of Research Irina Fan.Hong Kong Trade Development Council Director of Research Irina Fan (L) and Economist Samantha Yim announced the HKTDC Export Index for the first quarter of 2022 at a press conference today (17 March)However, the Trade Value Index painted a more optimistic picture, as it remained in expansionary territory at 52.8, despite its reading having dropped from 57.0 in the previous quarter. "This robust outcome indicates that unit prices in most sectors will continue to rise in the near term, with the toy and electronics sectors leading the way at 56.7 and 53.5 respectively," said Ms Fan.The survey found that, unsurprisingly, a majority (93.1%) of respondents indicated that their businesses had been negatively affected by the COVID-19 pandemic over the past three months, a ...

HONG KONG, Dec 16, 2021 - (ACN Newswire via SEAPRWire.com) - The Hong Kong Trade Development Council (HKTDC) forecasts that Hong Kong exports will grow by 8% in value in 2022, down from the 25% expansion experienced in 2021. An uneven recovery, lingering threats from the COVID-19 pandemic, global supply chain disruptions and logistics bottlenecks, as well as rising concerns over inflation, are expected to restrain growth, HKTDC Director of Research Nicholas Kwan said.HKTDC Director of Research Nicholas Kwan and Assistant Principal Economist (Greater China) Alice Tsang announced the HKTDC Export Index for the fourth quarter of 2021 and gave the HKTDC’s prediction for export growth in 2022 at a press conference today.In the most recent HKTDC Export Index survey, more local exporters (87%, up 20.4 percentage points from the previous quarter) said the pandemic had negatively affected their business. Soaring transport costs (60.2%), disruptions to logistics and distribution (53.2%) as well as difficulties in sourcing raw materials/parts and components (41.4%, up 16.8 percentage points) were cited as major impacts. More than 70% of Hong Kong exporters said they expect 2022 sales will dec...

HONG KONG, Mar 22, 2021 - (ACN Newswire via SEAPRWire.com) - The HKTDC Export Index rose a further 2.8 points to 39.0 in the first quarter of this year compared with the preceding quarter, the Hong Kong Trade Development Council (HKTDC) announced today. "Although the index has risen for four consecutive quarters, it remains in contractionary territory, suggesting a cautiously optimistic export outlook," said HKTDC Director of Research Nicholas Kwan. "The city's export performance will be affected by several uncertainties such as whether there is a revival in consumer and business confidence, and whether the economic stimulus packages implemented in major economies are effective."Presenting the HKTDC Export Index for the first quarter of 2021 and an analysis on smart-city opportunities in the "new normal" are researchers at the Hong Kong Trade Development Council: (L-R) Economist Melissa Ho, Director of Research Nicholas Kwan, Assistant Principal Economist (Global Research) Louis Chan and Economist Samantha YimMeanwhile, resurgence of the COVID-19 pandemic (46%) and softening global demand (28.4%) remained local exporters' key concerns, according to the survey."As the impact of COVI...