According to the February 2026 external merchandise trade statistics released by the Census and Statistics Department on 26/03/2026, the value of Hong Kong's total exports rose 24.7% year on year, while imports grew 29.9%, driven mainly by strong global demand for AI-related electronic products. As global competition intensifies, however, entering overseas markets at lower cost and with greater efficiency remains a pressing question for SMEs.
February 2026 highlights:
Because the timing of the Lunar New Year holidays varies from year to year, the department recommends looking at January and February together. In the first two months of 2026, total exports rose 29.6% year on year and imports rose 34.1%.
Exports
Asia: total exports grew 23.4%, including:
Other regions:
Imports
- Strong growth: imports from the United Kingdom (+230.6%), India (+130.8%), Korea (+113.6%) and Vietnam (+71.6%) rose sharply, while imports from Malaysia and the Chinese Mainland grew 31.1% and 28.2% respectively.
Exports:
- Electrical machinery, apparatus and appliances, and electrical parts: up 30.8%
- Telecommunications and sound recording and reproducing equipment: up 41.5%
- Non-ferrous metals: up 289.4%
Imports:
- Electrical machinery, apparatus and appliances, and electrical parts: up 30.5%
- Telecommunications and sound recording and reproducing equipment: up 67.6%
- Non-ferrous metals: up 474.8%
Source: Census and Statistics Department, External Merchandise Trade Statistics for February 2026, released 26/03/2026.
The data shows strong export growth to Southeast Asian markets such as Malaysia, Singapore and Thailand, and to some European markets such as Switzerland and the Netherlands, with exports to the United States also rising. Businesses need to adjust their strategies flexibly to capture opportunities in the fastest-growing markets.
The core challenges of entering overseas markets are:
These challenges weigh especially heavily on SMEs, which have limited resources while logistics costs directly affect their competitiveness.
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