Macau’s exports fall and imports rise in January and February

1 April 2011

Macau, China, 1 April – Macau’s exports fell by 5.1 percent in the first two months of 2011, to 1.01 billion patacas (US$126.25 million) while imports increased by 32.3 percent, to 8.43 billion patacas, (around US$2 billion) Macau’s Statistics and Census Bureau said.

As a result, the balance of trade posted a deficit of US$7.42 million (39.8 percent more year-on-year) and the ratio of imports to exports fell 4.8 percentage points to 12.0 percent.

In the period, Macau’s exports to Hong Kong, China and the United states fell 0.4 percent (468 million patacas), 6.1 percent (129 million patacas) and 33.3 percent (93 million patacas), respectively and rose 6.4 percent to the European Union (67 million patacas).

The value of goods imported from mainland China rose 27.0 percent year on year and from the EU rose 55.2 percent, totalling 2.41 billion patacas and 2.24 billion patacas, respectively.

In February, Macau’s exports totalled 358 million patacas, a year on year drop of 20.2 percent, and imports totalled 3.53 billion patacas, or 71.8 percent more, generating a trade deficit of 3.17 billion patacas. (macauhub)