Hong Kong exporters are faced with heightened challenges on entering 2009, amid the intensification of the US financial crisis into a global recession. Despite the concerted multi-dollar capital injections and various initiatives offered by governments and relevant authorities worldwide, troubles in the world economy will not die away anytime soon. This report strives to figure out Hong Kong's recent export performance, the global economic outlook, as well as how different factors may come into play in affecting the medium-term prospects of Hong Kong exports.