Hong Kong's once-glittering jewelry trade is feeling the chill. ❄️ According to the latest stats, exports of gold, silver, and jewelry products dropped 4.8% year-on-year in January 2025, continuing a slump that began last year.
🛑 From Nov 2024 to Jan 2025, exports in this category fell by 8.4%, while imports dropped 9.6% over the same period. Ouch.
It’s not a new trend either—Hong Kong’s total jewelry exports fell 4.4% in 2024, capped off by a sharp 8.3% drop in December alone.
💬 Government officials cited global trade protectionism and economic uncertainty as the main culprits. But there’s a silver lining:
📦 Overall exports across all sectors were up 0.1% in January 2025, thanks to stronger demand from the U.S. and Asia. Shipments to the EU, however, continued to slide.
🗨️ From the government:
“While external pressures remain high, steady global economic growth and support from China’s central government could help cushion the blow.”
TL;DR: Jewelry exports -4.8% YoY in Jan 2025
- 📉 Imports also down 9.6%
- 💼 EU demand still dropping; Asia and US showing mild strength
- 🧩 Global uncertainty + trade barriers = rocky year ahead
- The takeaway? The sparkle is still there—but it’s dimmed by macro headwinds.