Macau exports down 8.4 percent in first nine months of year

1 November 2010

Macau, China, 1 Nov – The value of Macau’s exports in the first nine months of the year fell by 8.4 percent to 5.29 billion patacas (US$661 million) compared to the same period of 2009.

Statistics released by the Statistics and Census Department show that domestic export flows were down 26.5 percent, while re-exports rose 4.4 percent compared to the same period last year.

The total value of imports otherwise stood at 31.89 billion patacas (US$3.986 billion), up 19.7 percent.

From January to September this year the trade deficit rose 27.5 percent to 26.61 billion patacas (US$3.326 billion).

The export-over-import coverage rate declined to 16.6 percent, 5.1 percent less than last year.

Exports to Hong Kong increased by 5 percent to 2.26 billion patacas from January to September, while sales to mainland China stabilised at 844 million patacas. Noteworthy was the fall in merchandise sent to the United States of America (down 43.5 percent to 626 million patacas) and to the European Union (down 40.7 percent to 306 million patacas).

Exported textile and apparel products accounted for 1.24 billion patacas (39.6 percent less), falling to 23.5 percent of total exports.

In the area of imports, the mainland China and EU markets stand out, with increases of 17.2 percent and 26.8 percent respectively, to 9.91 billion and 7.02 billion patacas. (macauhub)