Macau’s trade deficit increases in January to US$977 million

3 March 2014

The Macau balance of trade posted a year-on-year increase of 29 percent in January to 7.823 billion patacas (US$977 million), the region’s Statistics and Census Bureau said.

The total was due to exports totalling 1.006 billion patacas (1.0 percent less than January 2013) and imports growing by 25 percent to 8.818 billion patacas.

The value of exports to mainland China (130 million patacas) and to the European Union (35 million patacas), rose by 6 percent and 5 percent year on year, respectively, against January 2013, whilst exports to Hong Kong (629 million patacas) and the United States (35 million patacas), fell by 5 percent and 18 percent, respectively.

In the first month of the year Macau imported 2.94 billion patacas of goods from mainland China and 2.03 billion patacas of goods from the European Union, or 21 percent and 14 percent more, respectively, year on year.

Some highlights were imports of gold jewellery worth 1.53 billion patacas, wrist watches (802 million patacas), and beauty, make-up and skincare products worth 262 million patacas. (macauhub)