Rebound in China boosts HK exports
Solid economic recovery in China and other major markets further supported Hong Kong’s commodity exports, jewellery shipments included, in the first quarter of 2021, government data revealed.
Exports of jewellery, goldsmiths’ and silversmiths’ wares from January to March 2021 rose 23.8 per cent year on year while a 30 per cent increase was recorded in March alone.
Imports likewise fared well, recording a 21 per cent jump in Q1 from year-ago figures, and an 11 per cent rise in March compared to the same period in 2020.
Overall exports and imports saw double-digit improvements of 26.4 per cent and 21.7 per cent, respectively.
According to the Hong Kong government, exports grew steadily on the back of a sharp rebound in global demand. “Exports to many major markets including notably mainland China registered visible increases,” it noted. “The global economic recovery led by mainland China and the US should continue to support Hong Kong’s export performance in the period ahead.”