Macau’s balance of trade deficit rises 47.1 pct in first 5 months of 2011

1 July 2011

Macau, China, 1 July – The Macau balance of trade posted a year-on-year increase of 47.10 percent between January and May to 20.10 billion patacas (US$2.5 billion), the region’s Statistics and Census Bureau said.

In that period, Macau’s exports totalled 2.78 million patacas, a fall of 8.2 percent year-on-year, and imports rose by 37 percent to 22.88 billion patacas, leading the rate of coverage of imports by exports to drop by 5.9 percentage points year on year to 12.2 percent.

From January to May exports to Hong Kong, China and the United States fell in value by 14.4 percent, 4.2 percent and 22.4 percent, respectively, and imports from China and the European Union rose 36.1 percent and 54.8 percent, respectively.

In May, exports from Macau totalled 589 million patacas, a year-on-year rise of 13.8 percent against May of 2010, and imports rose 44.9 percent to 4.9 billion patacas, generating a trade deficit of 4.31 billion patacas. (macauhub)