Macau’s trade deficit improves 23% to US$3.562 billion in 1st half-year

1 August 2016

Macau’s trade deficit improved 23 percent year-on-year to 28.499 billion patacas (US$3.562 billion) in the first half of the year, the Statistics and Census Service reports.

In the first six months of 2015 Macau’s trade deficit was 37.314 billion patacas (US$4.651 billion), resulting from exports of 5.453 billion patacas and imports of 42.667 billion patacas.

In this past half-year exports amounted to 5.105 billion patacas, down 6.5 percent year-on-year, while imports fell 21.1% to 33.605 billion patacas.

During the period under analysis Macau imported consumer goods worth 20.85 billion patacas (-16.9 percent in annual terms). Standing out are wristwatches worth 1.96 billion patacas (-41.6 percent), motor cars and motorcycles worth 593 million patacas (-56.7 percent), mobile phones worth 2.30 billion patacas (-32.3 percent) and construction materials worth 1.06 billion patacas (-47.6 percent).

In June Macau exported goods worth 821 million patacas, 11.5 percent less compared to the June 2015 figure, and imported merchandise amounting to 5.71 billion patacas (-14.5 percent). (Macauhub/MO)