Macau’s exports fall 55 percent for January to September

3 November 2009

Macau, China, 3 Nov – Macau’s exports fell by 55.1 percent to 5.78 billion patacas (US$722.5 million) between January and September compared with the same period the previous year, Macau’s Statistics and Census Bureau (DSEC) said Friday.

The DSEC also said that imports for the period reached 26.45 billion patacas (US$3.3 billion), a fall of 19.3 percent compared to the value posted for January to September 2008.

The balance of trade deficit showed an increase of 3.9 percent to 20.67 billion patacas, with a coverage ratio of imports to exports falling to 21.9 percent by September.

Between January and September, exports to the United States, the European Union and China – Macau’s main markets – were down 79.3 percent, 59.6 percent and 45.4 percent respectively compared with the same period in 2008.

Only in September, Macau’s overseas sales showed a reduction of 51.2 percent to 703 million patacas compared to the same month in 2008, as well as a 6.6 percent drop in imports to 3.36 billion patacas.