Macau: Exports fall 56.1 percent in January

2 March 2009

Macau, China, 2 March – Macau’s exports fell by 56.1 percent year on year in January to 774 million patacas (US$96.75 million) and imports fell 23.5 percent to US$2.86 billion patacas (US$357 million), Macau’s Statistics and Census Bureau (DSEC) said Friday.

As a consequence, the balance of trade posted a deficit of 2.08 billion patacas (US$260 million) and the ratio of imports to exports fell from 47.3 percent in January of 2008 to 27.1 percent in January of this year.

In January Macau’s exports to the United States fell by 70.7 percent, by 68.8 percent to the European Union, 45.3 percent to Mainland China and 15.9 percent to Hong Kong, news agency MacauNews reported.

In terms of imports, Mainland China and Hong Kong provided products to the value of 1.13 billion patacas, which represented drops of 44.5 percent and 17.4 percent on January 2008, respectively. (macauhub)