Macau’s trade deficit totals US$2.5 billion between January and April

1 June 2012

Macau’s balance of trade posted a deficit of 20.49 billion patacas (US$2.56 billion) in the period from January to April of this year, which was a rise of 30.3 percent against the same period of 2011, the region’s Statistics and Census Bureau (DSEC) said.

In the first four months of the year Macau exported goods worth 2.62 billion patacas, which was a year-on-year increase of 19.6 percent, but imported goods worth 23.11 billion patacas, or 29 percent more than in the same period of 2011.

As a consequence of that deficit, the rate of coverage of imports by exports fell by 90 basis points from 12.2 percent in the first four months of 2011 to 11.3 percent this year.

From January to April exports to Hong Kong and mainland China totalled 1.28 billion, and 444 million patacas, respectively, and year-on-year rises of 34.6 percent, and 25.5 percent against the same period of last year.

In their turn, imports from mainland China and the European Union (EU) totalled 7.34 billion patacas and 5.34 billion patacas, respectively, with year-on-year rises of 36.6 percent and 18.8 percent, respectively.

In April alone, the deficit totalled 5.14 billion patacas, with exports of 643 million patacas (12.6 percent more) and imports of 5.78 billion patacas (20.5 percent more), the Bureau said. (macauhub)