China News Service, Hong Kong, December 9th (Reporter Shi Bingyun) The Hong Kong Trade Development Council (TDC) announced on the 9th that the Hong Kong Export Index for the fourth quarter of 2020, which rose 11.1 points to 36.2 from the previous quarter, and recorded a rebound for three consecutive quarters , The situation is better than expected, reflecting the gradual improvement of exporters’ confidence.

The Hong Kong Trade Development Council predicts that the value of Hong Kong’s overall exports will increase by 5% year-on-year in 2021, but it will take two years before the return to normal levels.

　　The Hong Kong Trade Development Council's research director Guan Jiaming said that this year's trade and export situation in Hong Kong was better than the world average, and "the worst has passed."

This report shows that exporters are more confident in future business activities, but they are still within the contraction range (50 is the boundary between prosperity and decline). The most important concerns are still uncertain factors such as the new crown pneumonia epidemic, weak global demand and trade wars.

The Hong Kong Trade Development Council also revised its annual export forecast for this year from a year-on-year decline of 10% to a decline of 3%.

　　Zeng Shiyun, Assistant Chief Economist of the Hong Kong Trade Development Council Greater China, pointed out that the export index in the fourth quarter of this year recorded growth in major industries compared with the previous quarter. The jewelry industry rebounded the strongest, jumping from 20.1 to 33.0, with some retaliatory consumption. the reason.

On the other hand, the export index of electronic products rose 11.1 points from the previous quarter to 36.4.

The export value of electronic products is also the only industry in all industries that has recorded positive growth, with an increase of 1.8% in the first 10 months of this year over the same period last year.

The research report pointed out that the export growth of electronic products has benefited from the huge increase in demand for computers, camera lenses, radios and other products under the "home economy". Therefore, Hong Kong businessmen are optimistic about the market outlook next year.

　　In terms of export regions, the survey pointed out that Mainland China will continue to lead the world's economic growth. The export index in the fourth quarter was 48.4, up 5.5 points from the previous quarter.

Guan Jiaming pointed out that the mainland of China, as the largest export market for Hong Kong, accounts for more than half of the total export value. The economic development model under construction of "domestic cycle as the mainstay, domestic and international dual cycle" will strengthen domestic demand and will bring more export opportunities for Hong Kong companies. .

　　Guan Jiaming pointed out that the structure of Hong Kong's export market has changed in the past year, and ASEAN has become the second largest export market for Hong Kong.

He also pointed out that the "Free Trade Agreement" between Hong Kong and ASEAN countries is gradually taking effect, and the implementation of the latest "Regional Comprehensive Economic Partnership Agreement" (RCEP) has boosted the export confidence and investment sentiment of Hong Kong businessmen.

The index of Hong Kong businessmen's exports to ASEAN countries in the fourth quarter was 47.2.

　　Guan Jiaming said that it is expected that business activities will gradually return to normal levels until at least 2022.

He said that due to the recurrence of the global epidemic, there is little chance of a V-shaped rebound overall.

(Finish)