Hong Kong exports up by 14.7% year on year in April due to mainland China growth

South China Morning Post

26-05-2025

Hong Kong's exports rose by 14.7 per cent year on year in April, following an 18.5 per cent jump in March, a result the government has attributed to sustained growth of the mainland economy and the city's efforts to strengthen trade ties with diverse markets amid the US-China trade war.
The Census and Statistics Department said on Monday that the value of exports reached HK$434.5 billion (USD$55.4 billion) in April, up from the HK$378.8 billion recorded in the same month a year ago.
Imports last month also jumped by 15.8 per cent year on year to HK$450.5 billion.
For the first four months as a whole, the value of total exports increased by 11.9 per cent compared with same period in 2024, while the value of imports rose by 11.4 per cent. There was a trade deficit of HK$96.9 billion.
The latest figure followed a pause in the trade war earlier this month, when the US agreed to cut tariffs on Chinese exports from 145 per cent to 30 per cent, and China reduced duties on American goods from 125 per cent to 10 per cent.
Last month, exports to mainland China and many other Asian markets grew notably, while those to the United States saw a marginal increase and shipments to the European Union declined, authorities noted.
Shipments to the United States saw only a marginal year-on-year increase of 1 per cent in April, reaching HK$27.9 million. While this figure was 10.8 per cent higher than the HK$25.8 million recorded in March, that month itself saw a 11.4 per cent year-on-year jump for US-bound shipment, according to government statistics.