Global AI Boom Drives Strong Growth in Hong Kong's May Exports

Hong Kong’s merchandise exports rose by 40.8% year-on-year to HK$611.2 billion in May, according to data released today by the Census and Statistics Department. For the first five months of 2026, total exports of goods reached HK$2,776.6 billion, representing robust growth of 36.2% compared with the same period last year.

“Hong Kong’s export performance continues to be underpinned by robust electronics demand, fueled by the ongoing surge in artificial intelligence (AI) adoption worldwide,” said Bruce Pang, Director of Research at the Hong Kong Trade Development Council (HKTDC). The strong electronics sector reflects the global push towards AI technologies, which require advanced semiconductors and other components that Hong Kong exports.

Market sentiment improved somewhat following the Xi-Trump meeting in Beijing in mid-May, though concerns over the Middle East conflict lingered. Looking ahead, the tentative easing of tensions after the US–Iran MoU signed in mid-June - despite potential volatility - together with softer oil prices, is expected to positively impact business prospects.

“Overall, Hong Kong’s trade outlook will continue to hinge on several factors, including the technology upcycle, geopolitical developments, energy prices and global end-market demand,” Mr Pang added. The technology upcycle, particularly in AI, is expected to sustain demand for Hong Kong’s electronics exports, while geopolitical stability and lower energy costs could further boost trade.

HKTDC Research will unveil its latest export forecast at a press conference on Monday, 29 June. The council’s media room provides additional resources at https://mediaroom.hktdc.com/en.

The HKTDC, a statutory body established in 1966, promotes Hong Kong as a two-way global investment and business hub, with over 50 offices globally. The council organizes international exhibitions, conferences, and business missions to create opportunities for companies, particularly SMEs, in mainland and international markets. More information is available at http://www.hktdc.com/aboutus.