Hong Kong's export growth is expected to slow to single digits in the second half of the year, says Trade Development Council chief economist Edward Leung Hoi-kwok.
But he tips growth for the full year at 8.5 per cent as global demand for electronic goods and precious jewellery remains robust.
The city recorded surprisingly strong export growth of 11.6 per cent for the first six months of the year. The council warned that may slow to between 8 and 10 per cent in the second half but is sticking to its full-year forecast of 8.5 per cent.
Mr Leung said consumption and import demand in the US were poised to cool amid interest rate rises and surges in oil prices.
'Hong Kong's export competitiveness in the European Union and Japan will also be hurt by a strong dollar,' Mr Leung said.
However, Hong Kong is still expected to perform quite strongly with healthy demand for electronics and jewellery. Electronics exports accounted for 68 per cent of first-half export growth.