Macau posts trade deficit of US$2.447 billion from January to April

1 June 2017

Macau recorded a trade deficit of 19.574 billion patacas (US$2.447 billion) from January to April, an amount roughly similar to the 19.331 billion patacas registered in the same period of 2016, according to the Statistics and Census Bureau.

The deficit in the first four months of 2017 was due to the fact that exports amounted to 3.453 billion patacas, a year-on-year increase of 9.3% and imports were 22.784 billion patacas (+4.4%).

Macau imported consumer goods worth 15.59 billion patacas (+11.9% year-on-year), notably gold jewellery (2.10 billion patacas) and wristwatches (1.69 billion patacas) that increased 25.5% and 37.4%, respectively.

In contrast, the value of imports of fuels and lubricants (1.75 billion patacas), mobile phones (1.45 billion patacas) and construction materials (625 million patacas) decreased by 2.8% , 9.7% and 8.0%, respectively.

In April, Macau had a trade deficit of 4.582 billion, with exports worth 838 million patacas (+11.0% year-on-year) and imports that fell 1.1% to 4.221 billion patacas. (macauhub)