Macau’s exports fall 53.7 percent in the first 11 months of 2009

31 December 2009

Macau, China, 31 Dec – Macau’s exports between January and November, 2009 totalled 6.99 billion patacas (US$885 million), a fall of 53.7 percent against the same period of 2008, the region’s Statistics and Census Bureau said cited by news agency MacauNews.

Domestic exports and re-exports fell 69.5 percent and 30.1 percent, respectively, against the same 2008 period.

The total value of imports was 33.03 billion patacas (US$4.18 billion), which was a year on year drop of 16.9 percent.

In the first 11 months of the year, the trade deficit increased by 5.6 percent, when compared to the same period of 2008, to 26.04 billion patacas (US$3.3 billion).

The exports/imports ratio fell to 21.2 percent, which was a year on year fall of 16.8 percentage points.

Export value in the first 11 months of this year, to the United States, the European Union and Mainland China fell 79.6 percent, 60.1 percent and 44.5 percent respectively, as compared with the same period of 2008.

In the same period, the value of textile products and clothing exported fell 73.1 percent year on year and its weight in relation to all exports fell to 33.4 percent of the total. The value of exported non-textile products fell 27.5 percent. (macauhub)