The HKTDC Export Index fell 7.3 points to 40.5 in the third quarter of 2023, caused primarily by weak global demand, in line with weakness in exports across the region.
HKTDC Director of Research Ms Irina Fan [L] and Senior Economist Ms Cherry Yeung [R] announced the HKTDC Export Index for the third quarter of 2023 at a press conference today.
Economic risks remained exporters’ top concern. Almost half of survey respondents (48.6%) saw economic slowdowns or recession risks in overseas markets as the biggest challenge, followed by ongoing geopolitical tensions (17.9%) and a smaller-than-expected boost from Mainland China’s economic recovery (16.5%).
Despite the softened export sentiment, traders intend to adopt pro-growth business strategies to strengthen their resilience in the longer term.
Pro-growth business strategies
While increased marketing and promotional activities (41.4%) remained exporters’ key strategies in the third quarter, a significantly higher number of exporters said they plan to provide a wider range of value-added services (40.5%, up 19.2 percentage points).
The third top strategy is to stabilise finances to ensure sufficient cash flow (32%, up 4.7 percentage points). Diversifying sales to additional markets (26.3%) and increasing e-commerce activities (25.7%) were also among the five most popular strategies identified.
Hong Kong Trade Development Council (HKTDC) Director of Research Ms Irina Fan said in response to an uncertain global business environment, traders are adopting a more cautious approach. “At the same time, they are still eager to grow their businesses with proactive measures, such as stepping up marketing and promotional activities, offering more services and expanding to new markets,” she added.
Exporters tend to keep low inventory
Local exporters tended to run down on inventory (51.5) in the third quarter, suggesting they are holding slightly lower-than-normal inventory, compared with higher-than-normal stocks (48.5) in the second quarter.
Ms Fan added: “Keeping low inventory levels may mean exporters are trying to minimise the costs of holding stocks and ensure that sufficient resources are available to respond promptly to buyers’ demands.”
More than 70% of the respondents said they are currently operating at smaller-than-normal capacity in terms of manpower and production equipment.
Brighter spots
HKTDC Senior Economist Ms. Cherry Yeung said the sentiment towards all key export markets was below 50, but local exporters are more optimistic about the Asian market, being the most positive about ASEAN (41.6), followed by Japan (39.1) and Mainland China (38.6).
While export confidence was highest in the toys (42.2, down 13.2 points) and electronics (40.8, down 6.9 points) sectors, confidence levels have dropped substantially regarding timepieces (32.9, down 15.9 points).
Stable or higher export profitability expected
New orders activity also remained weak. The Current New Orders Index fell 12.5 points to 32.6 in the third quarter. However, exporters are more positive about new orders in the fourth quarter, resulting in an overall Expected New Orders Index of 46.2.
Despite that, exporters remained mostly optimistic about their operations’ profitability outlook and shared similar views as in the second quarter. The majority of respondents (61.7%) expected to see stable (34.3%) or higher (27.4%) profit margins.
Based on a quarterly HKTDC survey of 500 exporters from six major industries – clothing, electronics, jewellery, machinery, timepieces and toys – the index above 50 indicates an optimistic outlook and below 50 as pessimistic.
Two new markets – India and Taiwan – were added to provide insights into additional markets in the HKTDC Export Index for the third quarter of 2023. The study now covers seven major export markets contributing some 85% of Hong Kong’s total exports (in value terms).
Taking all these factors into account, HKTDC Research has revised its forecast for Hong Kong’s export growth this year to between -7% and -9%.
To view press releases in Chinese, please visit http://mediaroom.hktdc.com/tc
References
HKTDC Research website: https://research.hktdc.com/en/
HKTDC Export Index 3Q23: Export sentiment softens from two-year high: https://research.hktdc.com/en/article/MTQ4NzAxNDQ3Mw
Photo download: https://bit.ly/3rvWAvS
Media enquiries
Please contact the HKTDC’s Communication and Public Affairs Department:
Jane Cheung, Tel: +852 2584 4137, Email: jane.mh.cheung@hktdc.org
About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
The Hong Kong Trade Development Council (HKTDC) will add a support stream to its Transformation Sandbox (T-box) programme to help Hong Kong companies integrate environmental, social and governance (ESG) initiatives into business. The new stream is expected to organise 100 free consultation meetings and serve 500 small and medium sized enterprises (SMEs) in its first year, covering both manufacturing and services sectors, such as garments, electronics, lighting, houseware and gifts, as well as transport, catering and construction.
Officer, Business Environment Council, Dr Patrick Lau, Deputy Executive Director, HKTDC and Ms Michelle Mak, Head of ESG and Enterprise Learning, Dun & Bradstreet (HK) Ltd [L-R]”>
Ms Winsome Chan, Head of Marketing and Customer Service, HKTDC, Mr Simon Ng, Chief Executive Officer, Business Environment Council, Dr Patrick Lau, Deputy Executive Director, HKTDC and Ms Michelle Mak, Head of ESG and Enterprise Learning, Dun & Bradstreet (HK) Ltd [L-R]
HKTDC Deputy Executive Director Dr Patrick Lau said promoting sustainable development was an important theme globally; governments and multinational companies had set targets to cut carbon dioxide emissions, providing impetus for the green sector and encouraging Hong Kong businesses to move forward with sustainable development. In addition, ESG compliance had become a criterion for bank-loan approval and orders from premium buyers.
ESG is crucial for success
“ESG is no longer simply an option, but an important success factor. The HKTDC hopes this new service will become the strongest support for local business in their ESG transformation, encouraging more SMEs to take action to achieve sustainable development goals through adopting innovative eco solutions, as well as to bear social responsibilities and enhance corporate governance,” Dr Lau added.
To help SMEs navigate trends and apply ground-breaking technologies for solving long-lasting problems, the HKTDC and a number of organisations – including Business Environment Council (BEC) and Dun & Bradstreet (HK) Ltd – will cooperate to provide practical advice and information on sustainability transformation through consultation and workshops. ESG registration services will be offered at a discount.
The HKTDC will proactively collaborate with industry organisations and professional bodies to organise thematic workshops on social responsibility and corporate governance for SMEs, covering issues ranging from human resources and supply chain to risk management, cybersecurity and more.
Net-zero roadmaps for businesses
Business Environment Council (BEC) Chief Executive Officer Mr Simon Ng said severe climate challenges meant all business sectors should immediately act to formulate roadmaps and accelerate the net-zero transition.
“BEC will lead the local business community to build a sustainable ecosystem and continue to work with different stakeholders to achieve the goal of carbon neutrality through thought-leadership, innovative solutions, policy advocacy, strategic partnership, advisory services and environmental education,” he said.
Discounted ESG Registered(TM) Service
Dun & Bradstreet will offer special discounts for T-box members using the D&B ESG Registered(TM) service, to help them take the first steps towards sustainable transformation and enhance ESG data transparency, which helps firms that form part of global ESG supply chains.
Ms Michelle Mak, Head of ESG and Enterprise Learning, Dun & Bradstreet (HK) Ltd said ESG was about more than net-zero emissions; social responsibility and corporate governance were equally important. “To comply with ESG commitment, many MNCs (Multinational Corporations) have incorporated ESG controls into their supplier and vendor evaluation and selection process. D&B ESG Registered(TM) meets industry recognised sustainability standards such as SASB, GRI, TCFD, UN SDGs, UN PRI and CDP, those who successfully complete the required assessment will be given a badge as a recognition of commitment to disclosing ESG data, and SMEs’ efforts in ESG will help lift up corporate images and enhance competitive edges.”
Supporting over 3,000 SMEs
The HKTDC Transformation Sandbox (T-box) is a SME support programme launched in April 2020 to help businesses enhance competitiveness and achieve transformation goals in the areas of branding, e-commerce, manufacturing and supply chain solutions and new markets.
The T-box team supports SMEs over a three-month period with advisory services, workshops, government-funding information, market knowledge and networking opportunities to help them track market trends, improve skills and expand business connections. The programme has served more than 3,000 companies since launch. With the support of representatives from professional bodies, business associations, chambers of commerce, business partners as well as HKTDC overseas offices, about 850 consultation meetings have been arranged free of charge.
About T-Box x Dun & Bradstreet Hong Kong ESG Registered(TM) Service
Business Environment Council Limited (BEC) is an independent, charitable membership organisation, established by the business sector in Hong Kong. Since its establishment in 1992, BEC has been at the forefront of promoting environmental excellence by advocating the uptake of clean technologies and practices which reduce waste, conserve resources, prevent pollution and improve corporate environmental and social responsibility. BEC offers sustainable solutions and professional services covering advisory, research, assessment, training and award programmes for government, business and the community, thus enabling environmental protection and contributing to the transition to a net-zero economy.
About Dun & Bradstreet
Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet’s Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity. For details, please visit www.dnb.com.hk
About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
Media Enquiries HKTDC’s Communications and Public Affairs Department Beatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org
The Hong Kong Trade Development Council (HKTDC) and Dun & Bradstreet (HK) Limited (D&B) announced a new partnership to help small and medium-sized enterprises (“SMEs”), start-ups, and Micro-, Small and Medium-sized Enterprises (“MSMEs”) with green transformation by offering a comprehensive range of quality ESG registered services, namely D&B ESG Registered(TM). As a leading global provider of business decisioning data and analytics and the HKTDC’s recognised ESG partner, D&B further demonstrates its commitment in promoting environmental, social and governance (ESG) to companies, large and small, in Hong Kong to enhance their competitiveness and drive growth.
A D&B ESG Registered badge and profile will be presented to companies that have successfully completed the required assessment as a recognition of commitment to disclosing ESG data. This ESG service aims to support companies to expand their business, enhance their reputation and attract investors, while achieving their net-zero targets.
Drive sustainable ecosystem for SMEs
Managing Director of Dun & Bradstreet China – Mainland and Hong Kong SAR Mr Andrew Wu said: “Dun & Bradstreet is privileged to be part of it to support and drive a sustainable ecosystem for SMEs. To have our ESG solutions recognised by HKTDC, a statutory body in HK, for not just large corporations and listed companies, but also the SMEs, start-ups and the MSMEs… as the UNSDGs’ (United Nations Sustainable Development Group) motto states, “Leave no one behind”.
Dun & Bradstreet Hong Kong as the recognised Environmental, Social, and Governance (ESG) partner of Hong Kong Trade Development Council (HKTDC) sets an excellent example of D&B’s strong reputation as a global provider of reliable business decisioning data and analytics.”
HKTDC Deputy Executive Director Dr Patrick Lau said: “We are pleased to join hands with Dun & Bradstreet (HK) Limited to support Hong Kong enterprises in capitalising on the global trend towards sustainability.”
Under the partnership, D&B will provide discounted ESG registered services for members of HKTDC’s Transformation Sandbox (T-box), a comprehensive business support programme launched in April 2020 to help SMEs upgrade and transform. “We are certain that local companies will enhance their ESG competitiveness with the help of a world-leading service provider in the field, such as Dun & Bradstreet,” Dr Patrick Lau added.
Photo download: https://bit.ly/42rsh6A
About Dun & Bradstreet
Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet’s Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity. For details, please visit www.dnb.com.hk
About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
About HKTDC Transformation Sandbox (“T-box”)
The HKTDC Transformation Sandbox (T-box) is a SME support programme that helps businesses to enhance competitiveness and achieve transformation goals in the areas of branding, e-commerce, manufacturing relocation and new markets. The programme is offered free of charge and is open to all companies registered in Hong Kong. For details, please visit https://smesupport.hktdc.com/en/s/tbox
Media enquiries Dun & Bradstreet (HK) May Lo Tel: +852 2516 1294 Email: LoS@dnb.com
About 90% of Japan-affiliated companies based in Hong Kong manage or handle business in at least one Regional Comprehensive Economic Partnership (RCEP) market other than Japan, according to a recent survey conducted by the Hong Kong Trade Development Council (HKTDC).
the survey findings of Japanese companies in Hong Kong expanding their business in the RCEP market.”>
HKTDC Director of Research Ms Irina Fan (L) and HKTDC Economist Mr Corey To (R) announced the survey findings of Japanese companies in Hong Kong expanding their business in the RCEP market.
More than 60% of respondents plan to expand their RCEP operations through their Hong Kong office in the next three years, with the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) (40.4%) and the Association of Southeast Asian Nations (ASEAN) (39.4%) the most popular destinations.
The respondents are making use of Hong Kong’s well-developed logistics and commercial networks, as well as its world-class business services to manage and expand their global business, particularly in the Asia-Pacific region.
Further integration into regional supply chains
RCEP came into effect last year, the world’s largest free trade bloc made up of 15 member countries, including China, Japan, Korea, Australia, New Zealand and the 10 ASEAN economies. It accounts for about 30% of global GDP, trade and population, injecting impetus into regional economic development.
Last year, RCEP economies accounted for 71% of Hong Kong’s total merchandise trade. “Hong Kong has applied for accession to RCEP and once approved, the city will become the first new member of the bloc, enjoying a wide range of benefits, such as tariff concessions. It will also help Hong Kong further integrate into regional supply chains and strengthen trade and investment with other members in the bloc, especially Japan and Korea, which have yet to sign free trade agreements with the city,” HKTDC Director of Research Ms Irina Fan said.
Hong Kong: Premier platform for RCEP
About 1,400 Japanese companies have set up regional headquarters or offices in Hong Kong. With the support of the Hong Kong Japanese Chamber of Commerce & Industry (HKJCCI), the HKTDC has surveyed more than 100 Japanese companies via a questionnaire to better understand their business development in the first year of RCEP, advantages of the Hong Kong platform and services, and the city’s role in helping them expand into the RCEP market.
Most of the survey respondents operate in the import and export trade sector, followed by wholesale and retail, finance and logistics. More than 20% said their Hong Kong office serves as the company’s overseas headquarters or main regional office that manage operations outside of Japan. Other functions include marketing and sales (73.5%), logistics and supply chain management (36.3%) and sourcing and procurement (25.5%).
HKTDC Economist Mr Corey To said while Hong Kong is currently playing an important role in facilitating RCEP related business (close to 90% of the respondents manage or handle RCEP business via Hong Kong), over 60% of the respondents see Hong Kong as “important” or “very important” in helping them capture arising business opportunities in the RCEP region.
Respondents also revealed that strong regional connectivity makes Hong Kong the premier platform for RCEP. Core strengths include business networks with Mainland China (88.8%), freedom of capital flows and currency exchange (79.7%), efficiency as a transshipment and distribution hub (72%) and more.
More benefits from Hong Kong’s RCEP accession
The survey also found that more than half of the Hong Kong-based Japanese trading companies have already enjoyed RCEP benefits, such as unified rules of origin, lower tariffs and streamlined customs procedures. Close to 80% anticipate more benefits, should the city join the bloc. This reflects Hong Kong’s role as a major logistics hub in the region as well as its deep trade ties with many RCEP economies.
Mr To said among the non-trade sector, 60% expected to benefit from Hong Kong’s RCEP accession, largely because of the anticipated increase in economic activity and investment flows across Mainland China, Hong Kong and Japan, and due to improved access for service sectors and enhanced intellectual property rights protection, which will create new opportunities for different sectors, such as e-commerce.
Overall, more than half of the respondents suggested that Hong Kong’s accession to RCEP would improve their company’s ability to capture RCEP business opportunities. Providing marketing information about RCEP economies and encouraging co-ordination among public bodies and regulators were also seen as helpful.
Hong Kong as a base for regional business
The survey results echo the statements made in HKTDC Research’s in-depth interviews conducted with Japan-affiliated companies in Hong Kong. These case studies show Hong Kong’s competitive edges in a number of areas, which is beneficial to Japanese companies that aim to leverage Hong Kong as a base for business expansion in the region: solid financial infrastructure, well-established hub for international trade and logistics, quality professional services and a pool of diversified talents, prime location adjacent to GBA and among key economies in the Asia-Pacific.
Please read Japanese Business Perspectives series published by HKTDC Research for more details:
Interviewee: Takeshi Iida, President and Managing Director, Mitsubishi Corporation (Hong Kong) Research article: Harnessing the Power of Hong Kong as a Commercial Hub https://research.hktdc.com/en/article/MTEwNjgwMzA0MA
Interviewee: Atsushi (Ash) Kato, Head of Corporate Office, NTT DATA Hong Kong Limited Research article: Integrating Regional Payment Solutions via the Hong Kong Hub https://research.hktdc.com/en/article/MTEzMzgwMjM0Nw
Interviewee: Min Zhu, CEO, BYFIN (SBI Group) Research article: Hong Kong-Facilitated GBA Fintech Opportunities https://research.hktdc.com/en/article/MTA4OTc3MDI5Nw
Interviewee: Yoshinori Nakamura, Managing Director, Tachibana Sales (Hong Kong) Ltd Research article: Hong Kong Powers Regional Electronics Trade https://research.hktdc.com/en/article/MTE1NDU3ODg1Mg
Interviewee: Susumu Muguruma, Chief Operating Officer, Valuence Holdings Research article: Taking the Pre-owned Luxury Goods Trade Global via Hong Kong https://research.hktdc.com/en/article/MTEyNjA3MDkzOQ
References – HKTDC Research website: http://research.hktdc.com/ – Japanese companies see Hong Kong as premier business platform to tap RCEP opportunities: https://bit.ly/41ZN80v – Photo download: https://bit.ly/3AIpppV
About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
Media enquiries Please contact the HKTDC’s Communication and Public Affairs Department: Beatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org
The Hong Kong Trade Development Council (HKTDC) welcomes the Hong Kong Special Administrative Region (HKSAR) 2023-24 budget, which allocates additional funding of HK$550 million over five years to the HKTDC to help Hong Kong enterprises seize opportunities arising from the Belt and Road Initiative (BRI) and Guangdong-Hong Kong-Macao Greater Bay Area (GBA) development as well as tapping into emerging markets and stepping up global promotional efforts. HKTDC Chairman Dr Peter K N Lam said: “We are grateful for the support from the Financial Secretary. The HKTDC will fully support these measures to continue to strengthen Hong Kong’s role as an international business centre, tell the good stories of Hong Kong and capitalise on the city’s distinctive advantages of enjoying strong support from the Motherland, while being connected to the world. Covering a wide range of industries, the HKSAR 2023-24 budget facilitates Hong Kong’s economic revitalisation and reflects the HKSAR Government’s commitment to realise high-quality economic development. The HKTDC will work closely with the HKSAR Government to create new opportunities for different industries and help them capitalise on national development, enabling them to diversify and grow on the road to recovery.”
Market expansion through HKTDC events
Dr Lam added that the HKTDC has been helping Hong Kong businesses expand to new markets over the years, especially the vibrant BRI countries, Regional Comprehensive Economic Partnership (RCEP) economies and GBA, and will continue to engage in a series of promotional activities to support growth aspirations of businesses.
These include product-focused SmartHK and product-focused ChicHK in the GBA in May, while we will promote the Hong Kong brand and its many advantages in Thailand in July with our Think Business, Think Hong Kong campaign.
In addition, the HKTDC will set up a Hong Kong pavilion in major trade events in Mainland China, such as the China International Consumer Products Expo in Hainan in April and China International Import Expo in Shanghai in November. The HKTDC will help local businesses explore emerging markets through business missions.
Promote high-quality development
The 2023-24 budget aims to promote high-quality economic growth that matches with national development strategies, focusing on areas, such as finance, sustainable development, innotech and biotech.
Dr Lam added that these are the Council’s promotional focuses and will cover these elements in HKTDC’s flagship events, including the Asian Financial Forum, the inaugural InnoEx, Asian Summit for Global Health as well as Belt and Road Summit and Asian Logistics, Maritime and Aviation Conference. The HKTDC will also cover green economy and sustainability in its SME support schemes.
Dr Lam concluded: “Reducing profits tax, extending the SME Financing Guarantee Scheme and enhancing the BUD Fund will help ease operational pressures of local businesses, especially SMEs. Driving development through innovation and technology and green transformation will help diversify our economy and support local businesses expand to new markets and seize new opportunities. The HKTDC will continue to play a pivotal role in Hong Kong’s road to recovery.”
Success stories – E-commerce boom drives data demand https://hkmb.hktdc.com/en/p14wwkDp/tech-amp%3B-innovation/E-commerce-boom-drives-data-demand – AI spots flaws in floors https://hkmb.hktdc.com/en/mtlENVFW/tech-amp%3B-innovation/AI-spots-flaws-in-floors – Robots transform surgery https://hkmb.hktdc.com/en/1X0ALR1Q/tech-amp%3B-innovation/Robots-transform-surgery – Gateway to growing Latin market https://hkmb.hktdc.com/en/2VZiy1mM/market-opportunities/Gateway-to-growing-Latin-market – New play on pork https://hkmb.hktdc.com/en/8GfQR7g7/entrepreneurship/A-new-play-on-pork – Photo Download: https://bit.ly/3jVDTxT
About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.
Media enquiries Please contact the HKTDC’s Communication and Public Affairs Department: Beatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org Sam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org
![HKTDC Director of Research Ms Irina Fan [L] and Senior Economist Ms Cherry Yeung [R] announced the HKTDC Export Index for the third quarter of 2023 at a press conference today.](https://photos.acnnewswire.com/20230927.HKTDC.jpg)
