HONG KONG, April 29 (Xinhua) -- The values of Hong Kong's total exports and imports of goods both recorded year-on-year increases in March, at 35.8 percent and 41.2 percent, respectively, the Hong Kong Special Administrative Region (HKSAR) government said on Tuesday.

This photo shows a view of a container terminal of Hong Kong, south China, May 22, 2025. (Photo: Xinhua)

According to the statistics released by the Census and Statistics Department of the HKSAR government, for the first quarter of 2026 as a whole, the value of total exports of goods increased by 32 percent over the same period in 2025. Concurrently, the value of imports of goods increased by 37 percent.

Comparing March 2026 with March 2025, total exports to Asia as a whole grew by 37.8 percent. In this region, increases were registered in the values of total exports to most major destinations, in particular Singapore, up 125 percent, Malaysia, up 62.3 percent, and Thailand, up 61.7 percent.

A spokesperson for the HKSAR government said that merchandise exports continued to stage a strong performance in March on the back of strong global demand for AI-related electronic products.

Looking ahead, the spokesperson said that the heightened geopolitical tensions in the Middle East have led to an upsurge in international energy prices, posing downside risk to the near-term global economic outlook, with potential disruptions to global trade flows and supply chains.

Nonetheless, global demand for AI-related electronic products remains robust and should provide staunch support to the performance of Hong Kong's merchandise exports, the spokesperson added.