Jewellery exports from Hong Kong climbed 48.3 per cent in April, in line with hefty gains across the territory’s broader exports sector.

Government data showed exports of jewellery, and goldsmiths’ and silversmiths’ wares reached HK$36 billion (around US$4.6 billion) in April while January to April figures rose 38.3 per cent to HK$109.14 billion (approximately US$14 billion).

Jewellery imports were also up – registering a whopping 95.4 per cent increase to HK$44.72 billion (about US$5.7 billion) in April. Imports in the first four months of the year soared by 45.4 per cent to HK$151 billion (around US$19.26 billion).

Overall merchandise exports gained 43 per cent in April and 35 per cent in January to April, respectively.

The government attributed stronger exports to robust global demand for AI-related electronic products as well as steady growth in Asian markets, including China and Southeast Asia. Shipments to the US and the European Union also recorded notable gains.

Major headwinds, however, could potentially derail growth. The government said, “Heightened geopolitical tensions in the Middle East could pose a salient risk in the near term through disrupting supply chains, driving up transport costs and undermining global demand.”