Macau’s trade deficit improves in first five months of 2013 and totals US$3.55 billion

1 July 2013

Macau’s balance of trade posted a deficit of 28.4 billion patacas (US$3.855 billion) in the first five months of the year, which was a 12 percent improvement against the amount for the same period of 2012, the region’s Statistics and Census Bureau (DSEC) said.

This improvement was due to exports having risen to 3.01 billion patacas whilst imports grew by just 13 percent to 32.259 billion patacas.

In the first five months exports to Hong Kong (2.16 billion patacas) and to mainland China (620 million patacas), rose 31 percent and 17 percent year on year, respectively, whilst exports to the United States (156 million patacas) and the European Union (120 million patacas) fell 29 percent and 15 percent, respectively.

In the same period goods imported from mainland China and the European Union (EU) totalled 10.48 billion patacas and 7.65 billion patacas, respectively, with year-on-year rises of 13 percent and 15 percent, respectively.

In May alone the trade deficit totalled 6.1 billion patacas, which was a 17 percent improvement against May 2012 due to exports increasing by 17 percent and imports also by 17 percent to 6.909 billion patacas. (macauhub)