Macau exports rise more than imports in the first half of 2006

2 August 2006

Macau, China, 02 Aug – Macau’s exports rose by 40 percent in the first half of 2006, while imports increased by just 29.4 percent, according to figures published Wednesday the Macau Statistics and Census Bureau.

According to the Bureau, in the first half of the year Macau exported goods totaling US$10.34 billion patacas, or a year on year increase of 40 percent, with the textile sector accounting for 74.9 percent of the total.

By destination markets, Mcau’s exports continued to focus on two markets – the United States and the European Union – which together accounted for 66.9 percent of exports, with the US acquiring 48.2 percent of total exports.

Exports to the EU, which accounted for 18.7 percent of Macau’s foreign sales, rose 136.7 percent in value as compared with the same period of 2005.

Imports totaled 17.38 billion patacas, a year on year rise of 29.4 percent, which resulted in a balance of trade deficit of 7.04 billion patacas.

In the first six months of 2006, Macau’s acquisitions remained focused on Asia, with Mainland China and Hong Kong supplying 55.1 percent of total imports.

In June alone, Macau sold goods overseas to a total value of 2.08 billion patacas, or 43.6 percent more than in June 2005, and imported 3.30 billion patacas’ worth of goods. (macauhub)