Macau trade deficit increases 13 pct to US$5.595 billion in first seven months

28 August 2014

Macau’s trade deficit rose 13 percent to 44.76 billion patacas (US$5.595 billion) from January to July of this year, the region’s Statistics and Census Bureau said.

The deficit resulted from exports rising 8 percent to 5.78 billion patacas and imports increasing 12 percent to 50.540 billion patacas, the Bureau said.

In the first seven months of the year goods imports from mainland China and the European Union totalled 16.36 billion patacas and 12 820 million patacas, respectively, rising 10 percent and 24 percent year on year.

In the same period, exports to Hong Kong (3.44 billion patacas) and to the European Union (196 million patacas) increased 19% and 16%, respectively, compared with the same period of last year, while exports ​​to mainland China (862 million patacas) and the United States of America (196 million patacas) fell 10 percent and 9 percent, respectively.

In July, Macau’s balance of trade posted a deficit of 6.48 billion patacas, as a result of exports totalling 759 million patacas, up 2 percent year on year and imports rising 4 percent to 7.24 billion patacas. (macauhub/MO)