Hong Kong Export Outlook for 2022--Moderate Growth Amid Lingering Risks from Covid-19 and Growing Threats of Inflation

Hong Kong’s exports showed a sharp rebound of 26.7% year-on-year in the first 10 months of 2021. With a reading of 37.2 points, the latest HKTDC Export Index indicated that exporters are more cautious in the near-term prospects. The threats of Covid-19 resurgence and its related consequences, as well as growing concerns over inflation could undermine the momentum of the global recovery. Against this backdrop, HKTDC Research forecast for Hong Kong’s 2022 exports growth is 8% year-on-year.