Wen Jiawei, Chief Economist and Strategist of Dah Sing Financial Conglomerates, stated that Hong Kong's trade performance has improved. Overall exports in May increased by 14.8% YoY, which is in line with market expectations and the bank's forecast, and is the largest increase since January this year. Overall imports accelerated from 3.7% to 9.6%, expanding the trade deficit to HKD 12.1 billion.

He believes that Hong Kong's overall exports in May accelerated YoY due to lower export figures to the Mainland in the same period last year, as well as a more significant recovery in exports to the US. On the other hand, the acceleration in imports was also due to the lower base in the same period last year. In the medium term, the easing of interest rates by some major central banks may help further improve external demand, and the support measures for the real economy by the Mainland are still to be observed. Meanwhile, facing the re-imposition of tariffs on some mainland goods by Europe and the US may continue to bring challenges to Hong Kong's external trade performance. The bank estimates that Hong Kong's annual exports in 2024 may record a single-digit increase.