Macau: Macau’s posts trade deficit of 15.42 billion patacas January-July

2 September 2008

Macau, China, 2 Sept – The Macau balance of trade posted a deficit of 15.42 billion patacas between January and July, the region’s Statistics and Census Bureau said Monday in Macau.

In the period, Macau exported goods and services to the total value of 10.14 billion patacas, which was a year on year fall of 11.2 percent, and imported 25.57 billion patacas’ worth of goods, or a 7.6 percent year on year rise.

The rate of coverage of imports by exports fell from 48.1 percent in the first three months of 2007 to 39.7 percent in the same period of this year.

In the first seven months of 2008 exports to the United States, China and the European Union fell whilst exports to Hong Kong rose.

In the period, Macau’s acquisitions remained focused on Asia, with mainland China and Hong Kong supplying 51.1 percent of total imports.

In July, Macau exported goods and services to the total value of 1.61 billion patacas, which was a year on year fall of 13.7 percent, and imported 4.12 billion patacas’ worth of goods, or a 11.4 percent year on year rise. (macauhub)

MACAUHUB FRENCH