Macau with trade deficit of US$8.1 billion from January thru November

27 December 2013

Macau’s trade deficit for the period from January through November was 64.86 billion patacas (US$8.1 billion), up 14 percent annually, the Statistics and Census Services report.

In the first 11 months of the year Macau exported merchandise worth 8.18 billion patacas, an increase of 9 percent year-on-year, and imported goods worth 73.04 billion patacas, up 14 percent in annual terms.

During the first 11 months of this year merchandise imports from mainland China and the European Union were respectively worth 23.80 billion patacas and 16.95 billion patacas, for annual increases of 13 percent and 12 percent.

The period saw consumer goods worth 46.53 billion patacas imported, up 18 percent annually. Highlights included 8.67 billion patacas in gold jewellery, 5.64 billion patacas in wristwatches and 2.46 billion patacas in beauty, makeup and skincare products, up 27 percent, 22 percent and 70 percent respectively.

In November exports reached 746 million patacas, up 8 percent year-on-year, while imports stood at 7.50 billion patacas (up 17 percent), generating a trade deficit of 6.75 billion patacas.

The Statistics and Census Services also reported that November was the month with the highest import value since external trade statistics have been compiled. The values for imported gold jewellery and wristwatches posted increases of 31 percent and 48 percent respectively. (macauhub)