Macau, China, 6 Feb – The Macau balance of trade posted a deficit in 2011 of 55.32 billion patacas (US$6.915 billion), an increase of 48.9 percent against 2010, the region’s Statistics and Census Bureau said.
The deficit was the result of exports increasing by just 0.2 percent to 6.97 billion patacas and imports rising 41.2 percent to 55.32 billion patacas.
As a result, the rate of coverage of imports by exports fell 4.6 percentage points year on year to 11.2 percent.
In 2011 goods exports to Hong Kong, mainland China and the United States totalled 3.11 billion, 1.1 billion, and 556 million patacas, respectively, accounting for a year-on-year rise of 3.5 percent for Hong Kong and 0.4 percent and 28.9 percent drops for China and the US, respectively.
In its turn, Macau imported goods from mainland China and the European Union (EU) worth 19.12 billion patacas and 15.51 billion patacas, respectively, with year-on-year rises of 39.4 percent and 55.7 percent, respectively.
In December, Macau exported goods totalling US$734 million, a year-on-year increase of 35.9 percent and imported goods worth 6.44 billion patacas, which was 41.6 percent more, generating a trade deficit of 5.70 billion patacas. (macauhub)