Macau’s trade deficit totals US$6.501 billion between January and September

1 November 2013

Macau’s balance of trade posted a deficit of 52.01 billion patacas (US$6.501 billion) in the first nine months of the year, the region’s Statistics and Census Bureau (DSEC) said.

According to the published figures, in the first nine months of the year Macau exported goods worth 6.73 billion patacas, which was a year-on-year increase of 9 percent, and imported goods worth 58.74 billion patacas, or 13 percent more than in the same period of 2012.

From January to September, the value of exports to Hong Kong (3.59 billion patacas) and to mainland China (1.22 million patacas), rose 14 percent and 24 percent year on year, respectively, whilst exports to the United States (269 million patacas) and the European Union (208 million patacas) fell by 30 percent and 15 percent, respectively.

In the first three quarters of the year imports from mainland China and the European Union (EU) totalled 19.20 billion patacas and 13.55 billion patacas, respectively, with year-on-year rises of 13 percent and 11 percent, respectively.

In September Macau’s exports totalled 678 million patacas, a year-on-year fall of 9 percent, and imports totalled 6.51 billion patacas, or 7 percent more, generating a trade deficit of 5.83 billion patacas. (macauhub)