Strong AI demand prompts Hong Kong trade body to raise exports growth forecast

The Trade Development Council has raised its export growth forecast for Hong Kong in 2026 to 47% due to strong global demand for AI-related products. This revision follows the council's June update, which increased its midyear growth forecast to 20%, up from an earlier estimate of 8% to 9%. The latest survey of major exporters in the city revealed that their business confidence and market expectations remain high. This anticipated growth underscores the significance of AI in boosting the local economy, creating new opportunities for exporters, and reinforcing Hong Kong's position as a key trade hub in the region.