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

The Hong Kong Trade Development Council has significantly increased its export growth forecast for 2026 to a maximum of 47 percent. This upward revision is attributed to stronger-than-anticipated global demand for artificial intelligence-related products. Previously, in June, the council had already raised its midyear forecast to 20 percent growth, up from an earlier estimate of 8 to 9 percent. A recent survey of major Hong Kong exporters indicated that their business confidence and market expectations have remained positive. This adjustment reflects a substantial shift in outlook driven by the burgeoning AI market.