Macau’s balance of trade deficit totals US$1.62 billion from January to October

4 December 2006

Macau, China, 04 Dec – Macau posted a balance of trade deficit between January and October of 12.43 billion patacas (US$1.62 billion), according to trade figures released by the Macau Statistics and Census Bureau.

As a consequence of that deficit, the rate of coverage of imports by exports fell from 61.2 percent in the first ten months of 2005 to 58.4 percent in the same period of this year.

In the period, Macau exported goods and service to the total value of 17.43 billion patacas, which was a year on year rise of 12.4 percent, and imported 29.86 million patacas’ worth of goods, or a 17.9 percent year on year rise.

With the textile sector accounting for 73 percent of total exports, Macau’s sales abroad in the first ten months of the year were focused on the markets of the United States and the European Union, which absorbed 64.8 percent.

Macau’s acquisitions remained focused on Asia, with Mainland China and Hong Kong supplying 55.5 percent of total imports.

In October, exports totaled 1.57 billion patacas and imports 2.92 billion patacas. (macauhub)