Hong Kong exports rise by nearly 41% in May as AI keeps fuelling demand

AI Summary

Hong Kong exports surged by nearly 41% year on year in May, driven largely by strong demand for AI-related products. This growth followed a similar increase in April, highlighting the AI sector's significant contribution to robust overseas demand.

The recent bumper growth in Hong Kong exports spilled into May, expanding by 40.8 per cent year on year, as artificial intelligence-related products continued to fuel already robust demand overseas. Provisional figures released by the Census and Statistics Department on Thursday showed that the total value of exports rose to HK$611.2 billion (US$77.95 billion) last month, following a nearly 43 per cent increase in April. The May figure marked the second month in a row that export growth exceeded...