Macau’s trade deficit totals US$2.81 billion between January and April

31 October 2017

The value of exports from Macau in the first three quarters of the year grew by 10.7% on year to 8.56 billion patacas, with re-exports increasing 15.5% and domestic exports falling 9.5%, the region’s Statistics and Census Bureau said.

The Bureau also said exports in the same nine-month period grew by 5.3% year on year to 54.47 billion patacas, generating a trade deficit of 45.91 billion patacas (US$5.73 billion).

The coverage rate of imports by exports improved from January to September to 15.7%, an increase of 90 basis points compared to the rate of 14.8% recorded in the same period of 2016.

In the third quarter of 2017 the value of exports and imports reached 2.94 billion and 19.56 billion patacas, respectively, registering increases of 12.1% and 5.8%, respectively, compared to the same quarter of the year in 2016, leading to a trade deficit of 16.62 billion patacas.

In September, Macau exported goods totalling 1.02 billion patacas, a year-on-year increase of 24.6% and imported goods worth 7.23 billion patacas, generating a trade deficit of 6.20 billion patacas. (macauhub)