Macau posts trade deficit of 17.16 billion patacas in 2010

7 February 2011

Macau, China, 7 Feb – Macau’s balance of trade posted a deficit in 2010 of 37.16 billion patacas, a rise of 27.1 percent against the deficit posted in 2009, the region’s Statistics and Census Bureau said in Macau.

In 2010, Macau’s exports fell 9.3 percent to 6.96 billion patacas and imports rose 19.6 percent to 44.12 billion patacas, leading the rate of coverage of imports by exports to fall 5 percentage points to 15.8 percent.

Exports to practically every traditional destination fell – Hong Kong (3 billion patacas or 0.4 percent less), China (1.1 billion patacas or 1.4 percent less), the Unite States (782 million or 40.2 percent less) and the European Union (489 million patacas or 35.2 percent less).

In their turn, the value of goods imported from mainland China and the European Union rose 18.6 percent and 27.5 percent, respectively, to 13.72 billion and 9.96 billion patacas.

In December 2010, Macau’s exports fell 20.6 percent to 540 billion patacas and imports rose 25.8 percent to 4.55 billion patacas, leading to a deficit of 4.01 billion patacas. (macauhub)