Macau’s trade deficit improves by 20% from January to August

30 September 2016

Macau’s balance of trade deficit improved by 20.6% year on year, or 10.226 billion patacas, falling to 39.132 billion patacas (US$4.891 billion), said the region’s Statistics and Census Bureau.

In the first eight months of the year Macau exported goods worth 6.913 billion patacas (-5.4% over the same period of 2015) and imported goods worth 52.958 billion, patacas, a year on year contraction of 18.7%.

Some imports in the period fell significantly, including wristwatches (2.88 billion patacas and 34.3% less), passenger cars and motorcycles (814 million patacas and 55.3% less), fuels and lubricants (4.08 billion patacas and 13.5% less), mobile phones (2.68 billion patacas and less 48%) and building materials (1.36 billion patacas and 35.9 % less).

In August, the balance of trade showed a deficit of 5.944 billion patacas (US$743 million), compared with a deficit of 5.977 billion patacas in the same month of 2015.

In August Macau’s exports totalled 793 million patacas, a year on year increase of 8.4%, with imports of 6.917 billion patacas, an increase of 1.8% over the same month of 2015. (macauhub)