Hong Kong’s shipments of jewellery, goldsmiths’ and silversmiths’ wares rose 23.2 per cent in March, signalling market recovery, latest government data showed.

Jewellery exports reached HK$21.64 billion (around US$2.8 billion) in March, a significant jump from year-ago figures; and HK$54.81 billion (approximately US$7.06 billion) in the first quarter of the year, up 4.6 per cent from the same period in 2024.

In comparison, January and February 2025 exports saw a 4.8 per cent and 4.3 per cent decline, respectively, while full-year 2024 shipments were down 4.4 per cent. 

First-quarter jewellery imports, meanwhile, remained in negative territory, recoding a 4.5 per cent dip. Imports decreased 2.9 per cent in March alone. 

Overall, Hong Kong’s exports sectors rose 18.5 per cent in March and 10.9 per cent in the first three months of 2025.

Hong Kong attributes the sharp increase to stronger demand from mainland China and the US. Major Asian economies, meanwhile, showed a mixed performance while the European Union registered a marginal increase, the government said.

“Global trade tensions have escalated abruptly due to the significant increase in US tariffs in early April. This will pose challenges to Hong Kong's merchandise trade performance,” a government spokesman was quoted as saying.