Macau’s trade deficit expanded between January and November to reach 57.60 billion patacas (US$7.2 billion), according to the region’s Statistics and Census Bureau.
The deficit was due to the fact that Macau exported goods worth 10.38 billion patacas (US$1.29 billion), an increase of 11.7% on year, and imported goods worth 67.98 billion patacas (US$8.49 billion) or 5.3% more on year.
The Bureau also reported that the value of goods exported to the Portuguese-speaking countries – 700,000 patacas – recorded a year-on-year fall of 88.2%, while imports from these same countries fell by 3.0% to 589 million patacas.
In November, Macau exported goods worth 1 billion patacas, an increase of 26.0%, with imported goods amounting to 7.57 billion patacas or 11.3% more year on year.
As a result, Macau recorded a trade deficit of 6.57 billion patacas in November. (macauhub)