Macau’s trade deficit totals US$6.4 billion between January and October

3 December 2012

Macau’s balance of trade posted a deficit of 51.394 billion patacas (US$6.4 billion) in the first ten months of the year, which was a rise of 16.2 percent against the same period of 2011, the region’s Statistics and Census Bureau (DSEC) said.

Between January and October of this year Macau exported goods worth 6.786 billion patacas, which was a year-on-year increase of 21.5 percent, and imported goods worth 58.180 billion patacas, or 16.8 percent more year on year.

As a result of that deficit, the rate of coverage of imports by exports rose by 0.5 percentage points from 11.2 percent in the first ten months of 2011, to 11.7 percent in the same period of this year.

In October alone, the territory’s deficit increased by 8.4 percent to 5.285 billion patacas, with exports of 636 million patacas (19.4 percent more) and imports of 5.921 billion patacas (9.5 percent more), the Bureau said. (macauhub)