Macau’s trade deficit totals US$5.044 billion between January and July

30 August 2013

Macau’s balance of trade posted a deficit of 40.354 billion patacas (US$5.044 billion) in the first seven months of the year, which was a year-on-year increase of rise of 14 percent, the region’s Statistics and Census Bureau (DSEC) said.

The deficit was a result of Macau exporting goods worth 5.339 billion patacas, an increase of 16 percent against the same seven-month period of 2012, and importing goods worth 45.694 or 14 percent more year on year.

From January to July Macau imported 14.91 billion and 10.55 billion patacas’ worth of goods from mainland China and the European Union, respectively, or 16 and 13 percent more, respectively.

The main destination for exports were Hong Kong (2.89 billion patacas) and mainland China (961 million patacas), which posted rises of 28 percent and 30 percent, respectively.

In July alone, Macau’s deficit totalled 6.377 billion patacas, with exports of 745 million patacas (16 percent more) and imports of 7.122 billion patacas (24 percent more), the Bureau said. (macauhub)