Macau’s balance of trade deficit improved by 3.96 percent from January to September compared to the same period of 2014, to 55.594 billion patacas (US$6.959 billion), reported the region’s Statistics and Census Bureau.
Macau’s balance of trade posted a deficit of 57.8885 billion patacas (US$7.236 billion) in the first nine months of 2014, with exports worth 7.2945 billion patacas (+8.0 percent) and imports 65.1829 billion patacas (+11.0 percent).
The improvement in the trade deficit registered since the beginning of this year was due to the fact that exports have grown 11.8 percent year on year to 8.1407 billion patacas and imports have contracted by 1.7 percent to 63.7347 billion patacas.
In the first nine months of the year Macau imported 38.24 billion patacas’ worth of consumer goods (-7.4 percent in annual terms), while the value of mobile phones, 5.55 billion patacas (+26.7 percent) was more than, for example, fuel and lubricants, with 5.33 billion patacas (-11.7 percent).
In September, the Macau balance of trade showed a deficit of 6.141 billion patacas, which resulted from exports amounting to 850.4 million patacas and imports of 6.9915 billion patacas. (macauhub/MO)