HONG KONG: The Hong Kong Trade Development Council (HKTDC) predicts that Hong Kong’s export volume will increase by two per cent in 2016. However, as global economic growth is expected to remain weak and the US dollar will stay mostly strong next year, unit value is likely to be under pressure and may drop by two per cent, leaving export value to remain flat in 2016.
Speaking at today’s press conference, HKTDC Director of Research Nicholas Kwan said that, although the global economy is facing multiple challenges, Hong Kong exporters should not be overly pessimistic about the year ahead.
Recent fluctuations in global trade are expected to stabilise gradually, with individual countries and regions such as the United States and ASEAN expected to post moderate growth next year. This will drive the steady development of Hong Kong’s exports and lead to a situation of “falling prices and increasing volumes”, according to the HKTDC’s Research Department.
