Macau’s exports fall 4.3 pct and imports rise 40.5 pct in first nine months of 2011

1 November 2011

Macau, China, 1 Nov – Macau’s exports in the first nine months of the year fell 4.3 percent to 5.06 billion patacas and imports rose 40.5 percent to 44.63 billion patacas, Macau’s Statistics and Census Bureau said.

As a result, the balance of trade posted a deficit of 39.57 billion patacas (49.5 percent more year-on-year) and the ratio of imports to exports fell 5.3 percentage points to 11.3 percent.

In the first nine months of the year exports to Hong Kong, mainland China and the United States totalled 2.17 billion, 814 million, and 425 million patacas, respectively, and year-on-year decreases of 4.0 percent, 3.3 percent and 32.1 percent, respectively against the same period of 2010.

In their turn, imports from mainland China and the European Union (EU) totalled 13.70 billion patacas and 11.02 billion patacas, respectively, with year-on-year rises of 38.3 percent and 58.2 percent, respectively.

In September, Macau exported goods totalling 526 million patacas, a year-on-year increase of 6.6 percent and imported goods worth 5.68 billion patacas, which was 47.4 percent more, generating a trade deficit of 5.16 billion patacas. (macauhub)