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Hong Kong’s exports of jewellery and other gold and silver items rose significantly in September, bucking trends in the city’s export sector.

Latest government data showed jewellery exports rose 25.3 per cent year on year to HK$22.87 billion (around US$3 billion) in September while January to September figures were up 2.8 per cent to HK$177.56 billion (about US$22.7 billion).

Jewellery imports also saw increases: 0.6 per cent to HK$36.3 billion (approximately US$4.64 billion) in September and 5.4 per cent to HK$240.24 billion (around US$30.71 billion) from January to September 2023.

Total exports, meanwhile, dipped 5.3 per cent in September and 12.3 per cent in the first nine months of the year.

“Merchandise exports remained weak in September 2023. Exports to mainland China and the European Union continued to fall from a year earlier, while those to the US saw some growth. Those to other major Asian markets saw mixed performance,” the government said.

Continued macroeconomic and geopolitical uncertainties “will continue to weigh on Hong Kong’s export performance in the near term,” it added.


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