Macau’s trade deficit decreases from January to April

1 June 2016

Macau’s balance of trade deficit from January to April showed a 23.9 percent year-on-year decrease to 19.331 billion patacas (US$2.416 million), reported the Statistics and Census Bureau.

The data available on the Bureau’s website shows that the trade deficit in the same period of 2015 amounted to 25.451 billion patacas.

The deficit registered in the first four months of the year was due to exports totalling 3.453 billion, a year on year drop of 5.6 percent and imports of 22.784 billion patacas (- 21.6 percent).

In the period under analysis Macau imported fewer consumer goods such as watches (-37.1 percent), passenger cars and motorcycles (-52.1 percent), fuels and lubricants (-16.1 percent), mobile phones (- 54.7 percent) and building materials (-37.1 percent).

By origin, imports from mainland China fell 24.6 percent to 8.23 billion patacas and from the European Union fell 19.9 percent ​​to 5.42 billion patacas.

In April, the trade deficit stood at 4.817 billion patacas, a year on year decrease of 18.7 percent, with exports falling 20.9 percent to 755 million patacas and imports falling 18.6 percent to 5.573 billion patacas. (macauhub/MO)