The value of Hong Kong’s total exports of goods surged 50.7 percent year-on-year in July as global demand for AI-related electronic products continued to grow, official data showed on Tuesday.

The total value of exports of goods rose to HK$672.5 billion ($85.77 billion) last month, after a year-on-year increase of 53.4 percent in June, said the Census and Statistics Department.

In July, the value of imports of goods also grew by 41.0 percent over a year earlier to HK$677.4 billion, after increasing by 45.4 percent year-on-year in the previous month. A visible trade deficit of HK$4.9 billion, equivalent to 0.7 percent of the value of imports of goods, was recorded last month.

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Comparing the three-month period ending July with the preceding three months on a seasonally adjusted basis, the value of total exports of goods increased by 8.4 percent.

For the first seven months of 2026, the value of total exports of goods surged by 40.9 percent over the same period in 2025 while the value of imports of goods rose by 40.6 percent.

Total exports to Asia as a whole grew by 54.6 percent year-on-year. Increases were registered in the values of total exports to most major destinations, in particular Taiwan region (95.7 percent), Vietnam (77.7 percent), Thailand (63.1 percent), the Chinese mainland (56.5 percent), Singapore (46.5 percent) and Malaysia (41.5 percent).

Increases were also recorded in the values of total exports to most major destinations in other regions, in particular the USA (92.9 percent) and Mexico (48.9 percent).

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The values of total exports of most principal commodity divisions also rose, in particular "electrical machinery, apparatus and appliances, and electrical parts thereof" (54.0 percent) and "office machines and automatic data processing machines" (106.5 percent).

A Hong Kong Special Administrative Region government spokesman said the robust global demand for AI-related electronic products is expected to continue supporting Hong Kong's merchandise trade performance.

However, downside risks remain, including geopolitical tensions in the Middle East, trade protectionism among advanced economies, and risks associated with the rapid expansion of global investment in AI.