Macau posts trade deficit of US$3.2 billion from January to April

1 June 2015

Macau posted a balance of trade deficit of 25.45 billion patacas in the period from January to April, a marginal improvement of 0.1 percent compared with a year earlier, reported the region’s Statistics and Census Bureau.

In the first four months of the year Macau exported goods worth 3.65 billion patacas (+10.7 percent) and imported goods worth 29.10 billion patacas (+1.2 percent).

Exports in the first four months of the year to Hong Kong (2.30 billion patacas) and mainland China (522 million patacas) rose 12.2 percent and 25.1 percent, respectively, compared to the same period of last year, while exports to the European Union (83 million patacas) and the United States (67 million patacas) declined 19.9 percent ​​and 31.6 percent, respectively, year on year.

Macau imported from mainland China and the European Union of 10.92 billion and 6.7 billion patacas, respectively, saw annual variations of +18.6 percent and -9.5 percent, respectively.

In April, the balance of trade recorded a deficit of 5.93 billion patacas, resulting from exports of 953 million patacas (+15.2 percent) and imports of 6.88 billion patacas (-4.3 percent). (macauhub/MO)