Hong Kong's exports of jewellery, goldsmiths' and silversmiths' wares dipped by 14.6 per cent in August, bucking a growth trend in other commodity sectors, latest government data showed.
Jewellery shipments reached HK$18.02 billion (around US$2.32 billion) in August while from January to August, a slight uptick of 0.7 per cent to HK$155.89 billion (about US$20.07 billion) was recorded.
Total exports were up 6.4 per cent in August and 11.5 per cent from January to August, government data further revealed.
A government spokesman said exports "grew solidly" in August 2024 over a year earlier mainly due to increases in shipments to mainland China, the US and the European Union. Exports to other major Asian markets saw a mixed performance.
"While geopolitical tensions and trade conflicts will present risks, Hong Kong's exports performance should remain positive if external demand continues to hold up," noted the government.