Macau posts trade deficit of US$7.794 billion from January to October

30 November 2015

Macau’s balance of trade showed a deficit of 62.352 billion patacas (US$7.794 billion) from January to October, an annual improvement of 4.09 percent according to information from the region’s Statistics and Census Bureau.

The deficit recorded since the beginning of the year until the end of October was due to exports of 8.913 billion patacas (9.9 percent more year on year) and imports of 71.265 billion patacas (- 2.2 percent).

In the same period of 2014, Macau exported goods worth 8.125 billion patacas and imported goods to the value of 73.137 billion patacas.

In the first ten months of 2015 the value of goods exported to Hong Kong (5.34 billion patacas) and mainland China (1.50 billion patacas) increased by 12.2 percent and 18.5 percent, respectively, compared to the same period of last year. Meanwhile, goods exported to the European Union (185 million patacas) and the USA (166 million patacas) declined 22.1 percent and 36.9 percent, respectively.

In the same period, Macau imported from mainland China and the European Union 26.430 billion and 15.97 billion patacas’ of goods, respectively, with variations of +11.0 percent and -12.3 percent against the same period of last year.

Among imports the highlight was 6.5 billion patacas in mobile phones (+20.2 percent), a figure that exceeded the value of imports of fuel and lubricants, with 5.9 billion patacas (-12.6 percent).

In October, Macau exported goods worth 764 million patacas, 7.8 percent less year on year and imported goods worth 7.641 billion patacas (-4.8 percent), recording a trade deficit of 6.876 billion patacas. (macauhub/MO)