Silver Rises Over 120% YTD 
Hong Kong’s jewelry, gold, and silver exports fell 4.8% year-on-year in January 2025, continuing the downward trend seen in late 2024.
Imports in this category dropped even more sharply, declining 9.6% compared to the previous year.
Despite these challenges in the jewelry sector, Hong Kong’s total exports managed a slight 0.1% increase in January, supported by strong shipments to the US and Asia, though EU exports declined.
The government acknowledges ongoing challenges from trade protectionism but expects support from global economic growth and mainland China’s economic stimulus measures.
