Macau’s balance of trade deficit increase in first half of 2011

2 August 2011

Macau, China, 2 Aug – Macau’s balance of trade deficit increased year-on-year by 46.8 percent in the first half of 2011 to 24.54 billion patacas (US$3 billion).

According to figures from the region’s Statistics and Census Bureau Macau’s exports in the first six months of the year totalled 3.40 billion patacas (US$420 million), which was 6.3 percent less than in the first half of 2010, whilst imports rose 37.5 percent to 27.94 billion patacas (US$3.49 billion).

Re-exports fell 10.4 percent and domestic exports rose 2.7 percent in the same period.

Official figures also showed that in the first six months of the year the rate of coverage of imports by exports fell to 12.2 percent, or 5.7 percentage points less than in the same period of 2010.

The value of goods exported to Hong Kong, mainland China and the United States was 1.43 billion patacas, 583 million patacas and 303 million patacas, respectively, which accounted for falls of 12.7 percent, 0.4 percent and 21 percent.

Macau exported goods to the European Union (EU) totalling 206 million patacas, or 2.7 percent more.

Exports of textiles and clothing from Macau posted a fall of 8.6 percent in the first half of 2010, to a total of 709 million patacas.

Between January and June, Macau bought goods from mainland China and the European Union worth 8.65 billion patacas and 6.84 billion patacas, or 37.7 percent and 54.4 percent more year-on-year, respectively. (macauhub)