Macau trade deficit totals US$1.68 billion in January/February

8 April 2015

Macau’s balance of trade posted a deficit of 13.496 billion patacas (US$1.68 billion) in the first two months of the year, an annual improvement of 4.8 percent, reported the region’s Statistics and Census Bureau.

In January and February imports amounted to 15.143 billion patacas, an increase of 4.3 percent year on year, while exports fell 0.1 percent to 1.646 billion patacas.

In this period the amounts exported to Hong Kong (1.03 billion patacas) and mainland China (227 million patacas) increased by 1.7 percent and 6.1 percent, respectively, compared to the same period last year, while the values ​​exported to the European Union (41 million patacas) and the USA (33 million patacas) fell 25.0 percent and 43.9 percent, respectively, year on year.

In the first two months of the year Macau imported 8.93 billion patacas’ worth of consumer goods, 5.5 percent less, including 1.44 million patacas in gold jewellery (-30.9 percent in annual terms), 2.14 billion patacas of food and beverages (+17.9 percent year on year) and 2.03 billion patacas in mobile phones (+54.3 percent).

In February the territory’s balance of trade recorded a deficit of 5.931 billion patacas, resulting from exports of 686 million patacas (-4.0 percent) and imports of 6.617 billion patacas (+12.4 percent year on year). (macauhub/MO)