Business, Freight News, Logistics

Hong Kong Export Outlook for 2022

[ January 4, 2022   //   ]

As indicated in the latest HKTDC Export Index conducted in mid November, the resurgence of Covid-19 remains a major concern for many Hong Kong exporters, with 87.0% indicating their businesses had been negatively affected, a significant 20.4 percentage point rise from the previous quarter. Some 62.4% expect logistics costs to continue to increase in the first quarter of 2022, with 39.8% anticipating a rise of 10 30%. More specifically, while 29.1% of Hong Kong exporters anticipate their total sales to remain unchanged over the coming year, 28.3% expect an increase. Against this backdrop, the HKTDC Research forecast for Hong Kong’s 2022 exports growth is 8% year on year.

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