Macau trade deficit increases 11 pct from January to August

6 October 2014

Macau’s balance of trade posted a deficit of 51.01 billion patacas (US$6.37 billion) in the period from January to August, an increase of 11 percent year on year, the region’s Statistics and Census Bureau reported.

The deficit was due to the fact that exports increased 8 percent to 6.53 billion patacas but imports grew 11 percent to 57.54 billion patacas.

In the first eight months of 2014 the value of goods and services ​​exported to Hong Kong (3.87 billion patacas) and the European Union (206 million patacas) increased by 19 percent and 8 percent, respectively, compared with the same period of last year, while the figures for mainland China (977 million patacas) and the United States of America (210 million patacas) decreased 10 percent and 14 percent, respectively.

Macau imported 18.63 billion and 14.6 billion patacas of goods from mainland China and the European Union, or 9 percent and 22 percent more year on year, respectively.

In August Macau exported goods worth 751 million patacas, up 5 percent year on year and imported goods worth 7.2 billion patacas, also an increase of 5 percent, taking the trade deficit to 6.45 billion. (macauhub/MO)