Emerging markets to spur HK 2013 exports (2)

Although HKTDC have revised downwards its Hong Kong's export growth forecast for this year to -1 percent, from 1 percent, the city's exports may have bottomed out, judging by its performance in September, said Chau.

"The robust export value growth in September, as well as a stabilized economic growth on the mainland in the fourth quarter, have given us the confidence that Hong Kong's export for this year won't be too bad," he said.

According to the Census & Statistics Department, Hong Kong's total goods export value rose 15.2 percent year-on-year for September, compared to a 0.6 percent increase in August and a 3.5 percent decrease in July.

Echoing the survey's findings, HSBC also released a report on Monday, saying that Hong Kong's total export growth is forecast to double from 4.8 percent in 2012 to 11.4 percent annually between 2013 and 2015.

But the report also said that the confidence amongst Hong Kong traders has dipped into negative territory due to a pessimistic view of the global economy.

Terence Chiu, HSBC's Head of Trade, Hong Kong and Macao , Global Trade and Receivables Finance, said that despite the current slowdown in the Chinese economy, and decreased near-term confidence, Hong Kong's trade future is underpinned by sound fundamentals due to its links to the mainland.

"As various emerging markets in Asia gain momentum and develop their economies, Hong Kong will play a vital role in facilitating the growth in trade throughout this exciting region," Chiu added.