Macau with US$1.26 billion trade deficit in January and February

16 April 2012

Macau recorded a 10.08 billion (US$1.26 billion) deficit in its trade balance in January and February, marking a year-on-year increase of 37.2%, the Department of Statistics and Census Services (DSEC) has announced.

In the first two months of the year Macau exported goods worth 1.37 billion patacas, up 25.9% year-on-year, but imported merchandise valued at US$11.35 billion, 35.9% more than in the same period last year.

Exports to Hong Kong and mainland China in January and February rose to 661 million and 162 million patacas respectively, up 42.1% and 26% compared to the same period in 2011.

During the first two months of this year 3.47 billion and 2.76 billion patacas of merchandise were respectively imported from mainland China and the European Union, up 43.9% and 25.4% vis-à-vis the same period in 2011.

In February Macau exported goods worth 653 million patacas (up 82.4%) and imported merchandise worth 5.71 billion patacas (up 64.4%), whereby the trade deficit stood at 5.06 billion patacas. (macauhub)