Macau’s balance of trade deficit totals US$946 million in January

4 March 2015

Macau’s balance of trade deficit in January totalled 7.570 billion patacas (US$946 million), 1.7 percent less than the deficit recorded in the same period of 2014, the region’s Statistics and Census Bureau said.

The deficit registered in January was due to exports amounting to 960 million patacas, 2.9 percent higher year on year, and imports totalling 8.53 billion patacas, 1,.2 percent less year on year.

Exports to Hong Kong (617 million patacas) increased by 8.5 percent compared with January 2014, while exports to mainland China (122 million patacas), the European Union (25 million patacas) and the United States (17 million patacas) fell 4.7 percent, 28.0 percent and 53.3 percent, respectively.

In January Macau imported goods worth 3.04 billion patacas and 1.91 billion patacas from mainland China and the European Union respectively, registering variations of +3.9 percent and -3.8 percent, year on year, respectively .

The value of mobile phones (1.34 billion patacas) and building materials (344 million patacas) imported rose 46.3 percent and 19.1 percent, respectively, while gold jewellery imports fell 56.5 percent year on year. (macauhub/MO)