Macau’s balance of trade deficit totals US$10 billion in 2014

2 February 2015

Macau’s balance of trade in 2014 posted a deficit of 80.04 billion patacas (US$10 billion), which represents an annual increase of 11.3 percent, reported the region’s Statistics and Census Bureau.

In 2014 Macau exported goods worth 9.91 billion patacas, 9.0 percent year on year and imported goods totalling 89.95 billion patacas, or annual growth of 11 percent.

Last year Macau imported consumer goods worth 55.99 billion patacas (+8.4 percent year on year), namely, 11.67 billion patacas of food and beverages, 7.94 billion patacas in wristwatches, which recorded increases of 21.8 percent and 22.2 percent, respectively.

The value of imported mobile phones (7.46 billion patacas) and of building materials (3.47 billion patacas) rose 21.5 percent and 25.5 percent, respectively.

In December Macau recorded a trade deficit of 8.01 million patacas (US$1 billion), based on exports of 984 million patacas (+ 7.0 percent year on year) and imports of 8.99 billion patacas (+10.3 percent). (macauhub/MO)