Hong Kong's export growth could still face headwinds from geopolitical tensions and tariff policies despite a strong performance last year, The Standard reported Thursday, citing the Hong Kong Export Credit Insurance Corporation.

Chan Sui-kuen, chairperson of the HKECIC Advisory Board, said that while the U.S. has suspended high tariffs on China, potential follow-on risks have yet to fully emerge, according to the report.

He added that shifts in central bank interest rate policies and ongoing changes in global supply chains are also shaping Hong Kong's export outlook, The Standard said.

Hong Kong's exports are expected to grow by 8% to 9% this year, a slowdown from about 13% last year, the report said, citing the Hong Kong Trade Development Council.

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