Macau ended 2015 with a trade deficit of 73.971 billion patacas (US$9.246 billion), which was an improvement of 7.6% against the deficit of 80.037 billion patacas recorded in 2014, reported the Statistics and Census Bureau.
The trade deficit recorded last year was due to the fact that exports increased by 7.8 percent to 10.692 billion patacas and imports fell 5.9 percent to 84.663 billion patacas.
By destination, the value of goods export to Hong Kong (6.33 billion patacas) and mainland China (1.84 billion patacas) rose 8.8 percent and 18.2 percent, respectively, compared to 2014, while that of goods shipped to the European Union (226 million patacas) and the United States (197 million patacas) declined by 27.0 percent and 33.0 percent, respectively.
In 2015 Macau’s imports from mainland China and the EU reached 31.85 billion and 18.84 billion patacas, respectively, which increased 6.8 percent and decreased 13.8 percent respectively compared to 2014.
In December, which saw the fifth consecutive month of falls in imports, the trade deficit reached 6.083 billion patacas as a result of exports of 897 million patacas and imports of 6.981 billion patacas. (macauhub/MO)