EXPORTERS expect moderate growth in business this year, according to a survey by the Hongkong Export Credit Insurance Corp.
Most exporters predict a mild recovery in several major export markets including the United States, the survey reveals.
Eighty-three per cent of the policyholders who replied expect growth in exports, giving an average anticipated growth rate of 11 per cent. But 55 per cent of them forecast an increase rate of below 10 per cent.
The survey also shows an improvement in orders, with order books full for an average of 4.1 months against 3.6 months last year.
Exporters expect the US to remain the largest insured export market this year, with a growth rate of more than 10 per cent.
They are less optimistic about European Community countries, seeing prospects in East and Southeast Asia and some of South America as more promising.
