Macau posts trade deficit of US$8.071 billion in 2017

1 February 2018

Macau ended 2017 with a trade deficit of 64.568 billion patacas (US$8.071 billion), which compares with a deficit of 61.305 billion patacas in 2016, according to the region’s Statistics and Census Bureau.

Last year’s deficit was due to the difference between exports, in the amount of 11.283 billion patacas, with an annual increase of 12.3%, and imports, which increased by 6.3% to 75.851 billion patacas.

The Statistics and Census Bureau also reported that re-export amounted to 9.50 billion patacas, or 17.5%, while domestic exports totalled 1.79 billion patacas, with an annual decrease of 9.0%.

The value of goods exported in 2017 to the Portuguese-speaking countries, in the amount of 0.8 million patacas, fell by 85.9% year-on-year and imports fell by 2.7% to 648 million patacas.

Last year mainland China was Macau’s main source of goods, with a value of 25.70 billion patacas, a yearly drop of 0.6%, followed by the European Union with 19.09 billion patacas, which represented an annual increase of 12.0%.

The main destination of Macau’s exports was Hong Kong, accounting for 6.60 billion patacas and an annual increase of 18.7%, followed by mainland China with 2.12 billion patacas, 21.1% more than the value recorded in 2016. (macauhub)

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