Hong Kong’s jewellery exports regained their sparkle in April, thanks to preliminary easing of Covid-induced disruptions to transport and trade, the government announced. 

Exports of jewellery, goldsmiths’ and silversmiths’ wares rose 19.4 per cent year on year to HK$23.26 billion (around US$3 billion) in April while January to April figures were up 12.2 per cent to HK$78.58 billion (around US$10.01 billion).

Total exports grew by 1.1 per cent in April and by 2.8 per cent in the first four months of the year. 

Hong Kong attributed the slight increase in exports to more relaxed Covid restrictions in the latter part of April. Overall export performance however remains “constrained” due to other continuing limitations, added the government. Shipments to mainland China fell while those to the US and the EU and other major Asian markets saw varying levels of growth.

“The global economic outlook has worsened amid rampant inflation in some major economies and monetary policy tightening by respective central banks in response, tensions in Ukraine, and the lingering threat of the pandemic,” noted the government. “This would continue to weigh on Hong Kong's export performance in the near term.”