Macau posts trade deficit of US$8.5 billion from January to November

31 December 2015

Macau’s balance of trade posted a deficit of 68 billion patacas in the period from January to November, which was an improvement of 5.7 percent over the deficit recorded in the same period of 2014, according to the region’s Statistics and Census Bureau.

From January to September 2014 Macau’s trade deficit reached 72.143 billion patacas as a result of exports of 8.951 billion patacas and imports of 81.095 patacas.

In the first 11 months of 2015 Macau exported goods worth 9.786 billion patacas, a year on year increase of 9.6 percent and imported goods worth 77.805 billion patacas, or an annual contraction of 3.9 percent.

By destination, Macau’s exports to Hong Kong (5.83 billion patacas) and mainland China (1.67 billion patacas) increased by 11.3 percent and 19.3 percent, respectively, while the value of goods exported to the European Union (203 million patacas) and the United States (184 million patacas) declined by 23.1 percent and 34.8 percent, respectively.

From mainland China and the EU Macau imported goods worth 29.190 billion patacas (+9.3 percent year on year) and 17,250 million patacas (-13.1 percent year on year), respectively.

In November, the fourth consecutive month of falls in the value of imported goods, Macau recorded a trade deficit of 5.80 billion patacas as a result of exports of 868 million patacas (+6.0 percent year on year) and imports worth 6.67 billion patacas (-17.4 percent). (macauhub/MO)