Macau posts trade deficit of US$3.855 billion in first half

1 August 2012

Macau’s balance of trade posted a deficit of 30.84 billion patacas (US$3.855 billion) in the first half of the year, which was a rise of 26.7 percent against the same period of 2011, the region’s Statistics and Census Bureau (DSEC) said.

The deficit was due to Macau, in the first six months of the year, exporting goods worth 3.95 billion patacas (16 percent more) and importing goods worth 34.78 billion patacas, which was a year-on-year increase of 25.4 percent.

As a result of that deficit, the rate of coverage of imports by exports fell by 1 percentage point from 12.3 percent in the first half of 2011, to 11.3 percent in the same period of this year.

In the first half of 2012, the value of exports to Hong Kong (1.98 billion patacas) and to mainland China (629 million patacas) rose 38.4 percent and 8.1 percent, respectively, whilst exports to the United States (260 million patacas) and the European Union (175 million patacas) fell 14.2 percent and 15.2 percent, respectively against the same period of last year.

In the same period, Macau imported goods worth 11.04 billion patacas and 8.20 billion patacas from Mainland China and the European Union, respectively, or 28.0 percent and 21.5 percent more, respectively, against the same period of 2011. (macauhub)

In June Macau’s exports totalled 650 million patacas, a monthly rise of 4.5 percent, and imports totalled 5.96 billion patacas, or 19.7 percent more, generating a trade deficit of 5.31 billion patacas. (macauhub)