Macau posts trade deficit of US$1.43 billion in January and February

2 April 2013

Macau’s balance of trade posted a deficit of 11.44 billion patacas (US$1.43 billion) in the first two months of the year, which was 16 percent greater compared too the deficit for the same period of 2012, the region’s Statistics and Census Bureau (DSEC) said.

In the period exports totalled 1.58 million patacas, or 24 percent more year on year and imports totalled 13.02 billion patacas, or 17 percent more than in January and February of 2012.

In January and February, the value of exports to Hong Kong (977 million patacas) and to mainland China (200 million patacas), rose 48 percent and 23 percent year on year, respectively, whilst exports to the United States (74 million patacas) and the European Union (46 million patacas) fell 9 percent and 18 percent, respectively.

In the same period, Macau imported goods worth 4.15 billion patacas and 3.42 billion patacas from Mainland China and the European Union, respectively, or 22 and 25 percent more, respectively, against the same two months of 2012.

In February, Macau exported goods totalling US$577 million patacas, a year-on-year decrease of 12 percent and imported goods worth 5.83 billion patacas, which was 3 percent more year on year, generating a trade deficit of 5.26 billion patacas. (macauhub)