Macau’s exports fall 7.1 pct in 1st half

2 August 2010

Macau, China, 2 Aug – Macau’s exports in the first half of 2010 totalled 3.62 billion patacas (US$460 million), or 7.1 percent less year on year, according to data released Friday by the Macau Statistics and Census Bureau.

Domestic exports fell 33.2 percent, but re-exports increased 12.8 percent against exports in the first half of 2009.

The total value of imports was 20.48 billion patacas (US$2.56 billion), which was the equivalent of a rise of 20.9 percent.

The balance of trade deficit in the first half of the year totalled 16.86 billion patacas, or 29.3 percent more than in the same period of 2009.

In the first half of 2010, the value of exports to Hong Kong (1.64 billion patacas) and to mainland China (585 million patacas), rose 18.9 percent and 0.6 percent, respectively, whilst exports to the United States (385 million patacas) and the European Union (201 million patacas) exports fell 52.6 percent and 47.1 percent, respectively against the same period of 2009.

The value of exported textiles and clothing (770 million patacas) fell 48.9 percent against the same period of the previous year and its weight amongst exports fell to 21.1 percent of total exports.

The value of goods imported from mainland China in the first half of this year (6.30 billion patacas) and the European Union (4.44 billion patacas) rose 20.4 percent and 25.1 percent, respectively, against the same period of the previous year.

The value of imported consumer goods rose 40.4 percent, with the imported value of passenger cars and motorcycles rose by 122.6 percent, against the same period of 2009. Imports of capital goods and raw materials as well as semi-processed products posted drops of 11.8 percent and 1.3 percent, respectively. (macauhub)

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