Hong Kong’s exports of jewellery and other gold and silver products stayed in negative territory in January 2025, reflecting a continued downtrend in the global jewellery trade.

Latest data from Hong Kong’s Census and Statistics Department showed shipments of jewellery, goldsmiths’ and silversmiths’ wares dipped 4.8 per cent year on year in January and 8.4 per cent from November 2024 to January 2025.

Similarly, imports under this category saw a year-on-year drop of 9.6 per cent in January as well as from November 2024 to January 2025. 

Hong Kong’s jewellery exports ended 2024 on a low note, having decreased by 4.4 per cent from January to December and by 8.3 per cent in December of last year alone. 

The city state recorded a slight uptick of 0.1 per cent in total exports in January this year, which the government attributed to solid growth in exports to the US and Asia. Shipments to the European Union, meanwhile, declined.

“While uncertainties in the external environment, in particular escalating trade protectionism, would continue to weigh on Hong Kong's export performance, steady global economic growth, together with the Central Government's various measures to boost the mainland economy, would provide support,” noted Hong Kong.