• Home
  • Fashion
  • Hong Kong’s trade with Gulf Arab countries rises 35% in 5 months
Hong Kong’s trade with Gulf Arab countries rises 35% in 5 months

Hong Kong’s trade with Gulf Arab countries rises 35% in 5 months



Hong Kong’s trade with Gulf Arab countries rises 35% in 5 months

Trade between China’s Hong Kong Special Administrative Region (HKSAR) and the Gulf Arab countries increased by more than 35 per cent in the first five months of 2026, outpacing the growth recorded for the whole of the previous year, Financial Secretary of the HKSAR Government Paul Chan said.Chan said the growth rate compared with a 5 per cent annual uptick in the previous year, as reported by a local media outlet.

Hong Kong’s trade with Gulf Arab countries rose over 35 per cent in the first five months of 2026, against 5 per cent annual growth in 2025.
Trade with the United Arab Emirates climbed over 52 per cent, signalling stronger Asia-Gulf flows.
The corridor is relevant for textile and apparel exporters, importers and sourcing teams alongside Gulf wealth funds’ 40 per cent Asia allocation.

He also said bilateral trade with the United Arab Emirates rose over 52 per cent during the same five-month period.

The figures indicate stronger commercial flows between Hong Kong and Gulf Arab countries, a corridor relevant to importers, exporters and sourcing teams tracking Asia-Gulf trade links.

Chan also noted a tendency among Gulf sovereign wealth funds to look for alternative investment destinations outside the US and Europe. He said around 40 per cent of their multi-billion-US-dollar asset allocation last year went to Asia.

For textile and apparel supply-chain businesses, the reported rise adds a trade signal to monitor alongside Gulf-Asia investment patterns, especially where Hong Kong forms part of commercial engagement with Gulf Arab countries.

Fibre2Fashion News Desk



Source link

Related Posts

UK to launch joint export finance scheme for SMEs in 2027

UK Export Finance (UKEF) and the British Business Bank will launch a joint scheme in spring next year…

ByBySaartaj Jul 13, 2026

US textile coalition unveils $29 bn sourcing incentive proposal

Category Select Category Apparel/Garments Textiles Fashion Technical Textiles Information Technology E-commerce Retail Corporate Association Press Release Chemicals SubCategory Select Sub-Category Country Select Country Afghanistan Africa Albania Algeria Andorra Angola Argentina Armenia Aruba Asia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin bhutan Bolivia Bosnia…

ByBySaartaj Jul 13, 2026

Germany’s leading economic index strengthens in May 2026: TCB

Germany’s Leading Economic Index (LEI) rose in May, giving businesses monitoring German business-cycle direction a stronger near-term reading,…

ByBySaartaj Jul 13, 2026

Netherlands goods exports rise 5.5% in May 2026

Netherlands’ working-day-adjusted goods export volume rose 5.5 per cent year on year (YoY) in May 2026, Statistics Netherlands…

ByBySaartaj Jul 13, 2026

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to Top