Macau: Exports fall and imports rise in first nine months of 2008

31 October 2008

Macau, China, 31 Oct – Macau’s exports fell by 13.9 percent in the first nine months of 2008, to 12.89 billion patacas (US%1.6 billion) while imports increased by 3.9 percent, to 32.77 billion patacas, Macau’s Statistics and Census Bureau said Friday.

As a consequence, the balance of trade posted a deficit in the first nine months of 19.88 billion patacas (US$24.85 million) and the ratio of imports to exports fell from 47.5 percent in the first nine months of 2007 to 39.3 percent in the same period of this year.

In the first nine months of 2008, the value of goods exported to the United States, mainland China and the European Union, fell 11.6, 37.8 and 50.9 percent, respectively, in comparison with the same period of 2007, whilst the value of exports to Hong Kong rose 22.6 percent.

In the first nine months of 2008, Macau’s acquisitions remained focused on Asia, with Mainland China and Hong Kong supplying 50.6 percent of total imports, to a value of 16.59 billion patacas.

In September alone, Macau’s exports fell 19.5 percent to 1.44 billion patacas and imports rose 1.4 percent to 3.59 billion patacas, leading to a deficit of 2.15 billion patacas in the territory’s balance of trade. (macauhub)