Imports to Hong Kong surged 38.1% year-on-year to USD 535 billion in January 2026, accelerating from a 30.6% increase in December. This marked the strongest annual growth rate since March 2010, driven by higher purchases of non-ferrous metals (135.3%), telecommunications and sound recording and reproducing equipment (80%), power-generating machinery and equipment (46.5%), electrical machinery, apparatus, appliances, and electrical parts (44.8%), miscellaneous manufactured articles (44.1%), and non-metallic mineral manufactures (30.3%). By source, imports expanded most from Vietnam (129.8%), India (125.1%), Korea (75%), Mainland China (46.6%), and Singapore (42.8%).