Macau’s balance of trade posted a deficit of 46.31 billion patacas (US$5.79 billion) in the first nine months of the year, which was a year-on-year increase of rise of 17.7 percent, the region’s Statistics and Census Bureau (DSEC) said.
In the first nine months of the year Macau exported goods worth 6.14 billion patacas, which was a year-on-year increase of 21.6 percent, and imported goods worth 52.45 billion patacas, or 18.1 percent more than in the same period of 2011.
As a result of that deficit, the rate of coverage of imports by exports rose by 0.3 percentage points from 11.7 percent as compared to 11.4 percent in the same period of 2011.
In the third quarter Macau’s exports rose 33 percent year on year to 1.20 billion patacas and imports rose 7.6 percent to 17.94 billion patacas, generating a trade deficit of 15.74 billion patacas.
In September, Macau’s exports totalled 743 million patacas, a year on year rise of 40.2 percent against September 2011 and imports totalled 6.11 billion patacas, or 10.2 percent more year-on-year, generating a trade deficit of 5.36 billion patacas.
Exports in September were mainly re-exports, which rose 65.7 percent to 573 million patacas, as domestic imports fell 7.7 percent to 170 million patacas. (macauhub)