Hong Kong Trade Development Council predicts that value of Hong Kong’s exports will grow by 3 per cent for the coming year. Notably enough, the unit value is expected to remain the same as 2014. “In volume terms, Hong Kong exports are projected to expand at a faster rate,” elaborated Nicholas Kwan, Director of Research, HKTDC. He further added that softening oil and commodity prices would assist the global recovery, while dwindling prices for raw materials and continued consumer conservatism should ease the upward pressure on the unit values of Hong Kong exports. “Importers and retailers maintain their cautiousness in terms of order size, lead time and pricing. It would be difficult for Hong Kong manufacturers to raise the price,” Kwan said.
