Macau’s balance of trade deficit increases at beginning of 2011

1 March 2011

Macau, China, 1 March – Macau’s balance of trade posted a deficit of 4.28 billion patacas last January, which was an increase of 46.7 percent on the same month of 2010, the region’s Statistics and Census Bureau (DSEC) said.

In that month, Macau’s exports totalled 656 million patacas, a fall of 5.8 percent year on year, and imports rose by 39.5 percent to 4.93 billion patacas, leading the rate of coverage of imports by exports to drop to 13.3 percent.

Macau’s exports to Hong Kong and the European Union rose 19.8 percent and 24.8 percent, respectively, to 324 million patacas and 54 million patacas, but exports to China and the United States fell 16.5 percent and 18.2 percent, respectively, to 69 million patacas and 68 million patacas.

The value of goods imported from mainland China and the European Union rose 34.7 percent and 66.8 percent, respectively, totalling 1.40 billion patacas and 1.33 billion patacas. (macauhub)