Macau’s trade deficit totals US$4.31 billion between January and August

4 October 2011

Macau, China, 4 Oct – Macau’s balance of trade posted a deficit of 34.48 billion patacas (US$4.31 billion) in the period from January to August, which was a rise of 49.2 percent against the same period of 2010, the region’s Statistics and Census Bureau (DSEC) said.

In that period, Macau’s exports totalled 4.53 billion patacas, a fall of 5.4 percent year-on-year, and imports rose by 39.8 percent to 39.02 billion patacas, leading the rate of coverage of imports by exports to drop by 5.6 percentage points year on year to 11.6 percent.

In the first eight months of the year exports to Hong Kong, China and the United States totalled 1.94 billion, 740 million, and 393 million patacas, respectively, and year-on-year decreases of 6.4 percent, 2.4 percent and 30.3 percent, respectively.

In its turn, Macau imported goods from mainland China and the European Union (EU) worth 11.99 billion patacas and 9.73 billion patacas, respectively, with year-on-year rises of 37.6 percent and 59.8 percent, respectively.    

In August, exports from Macau fell 0.2 percent to 546 million patacas and imports totalled 5.72 billion patacas, generating a trade deficit of 5.17 billion patacas. (macauhub)