Macau: Trade deficit in first 11 months of 2007

2 January 2008

Macau, China, 2 Jan – Macau posted a trade deficit of 20.68 billion patacas in the first 11 months of 2007, according to official statistics.

Macau’s statistics and census services said Monday that from January to November of last year exports fell by 1.4 percent in an annual comparison to a value of 18.60 billion patacas. In the same period, imports climbed by 18.5 percent to a value of 39.29 billion patacas.

Consequently, the import-export coverage ration fell from 56.9 percent in the fist 11 months of 2006 to 47.4 percent last year.

Macau’s exports in November were worth 1.87 billion patacas, an increase of 28.8 percent compared to the same month in 2006. Imports grew by 21.5 percent in the same month and were valued at 3.97 billion patacas.

Exports from Macau continue to focus on two main destinations – the United States and the European Union, accounting for 58.5 percent of total sales. Imports came from two markets – China and Hong Kong, representing 52.6 percent of the total. (macauhub)