Monster Employment Index

HKTDC Export Index 3Q21: COVID, transportation costs dim Christmas sales outlook

Tuesday, September 14, 2021 - 10:00am

The latest survey results indicate perceived uncertainties over Hong Kong's export performance in the coming months, especially during the traditional peak Christmas season.

Key Points: 
  • The latest survey results indicate perceived uncertainties over Hong Kong's export performance in the coming months, especially during the traditional peak Christmas season.
  • HKTDC Director of Research Nicholas Kwan said business confidence in Hong Kong's exports for the near term has been undermined by continuing uncertainties over the COVID-19 pandemic and surging transportation costs.
  • The most-cited pandemic-induced problems include reduced order sizes (59.5%) and order cancellations (28.1%), as well as disruptions to logistics and distribution (58.6%) and increased transportation costs (53.6%).
  • - HKTDC Export Index 3Q21: Threat of Covid-19 Variants Triggers Decline in Exporter Confidence Over the Near Term: https://bit.ly/3k5GEde