Macau recorded a trade deficit of 10.181 billion patacas (US$1.272 billion) in January and February, a 24.1 percent improvement against the deficit recorded in the same period of 2015, reported the region’s Statistics and Census Bureau.
The deficit registered in the first two months of 2016 was due to the fact that exports grew 2.1 percent to 1.682 billion patacas and imports fell by 21.2 percent to 11.864 billion patacas.
In the same period of 2015 exports amounted to 1.646 billion patacas and imports reached 15.143 billion patacas.
The Statistics and Census Bureau also reported that the value of imported mobile phones (1.01 billion patacas), fuels and lubricants (848 million patacas) and building materials (336 million patacas) decreased by 50.2 percent, 27.5 percent and 37.0 percent, respectively.
In February, the balance of trade posted a deficit of 4.215 billion patacas, with exports amounting to 709.6 million patacas (+3.0 percent) and imports worth 4.925 billion patacas (-24.6 percent). (macauhub/MO)