Macau posts trade deficit of US$6,281 million from January to August

28 September 2018

Macau posted a deficit of 50.251 billion patacas (US$6.281 billion) in its trade balance from January to August 2018, a year-on-year increase of 27.0%, the Statistics and Census Bureau reported.

In the first eight months of the year, Macau’s exports grew 7.9% to 8.134 billion patacas, but imports increased 24.0% to 58.385 billion patacas.

The Statistics and Census Bureau also reported that domestic exports decreased by 9.8% in the period under review to 1.042 billion patacas and that re-exports, which reached 7.091.7 billion patacas, increased by 11.1% year-on-year.

The value of goods imported from Mainland China (19.80 billion patacas) and the European Union (14.87 billion patacas) in the first eight months of this year increased by 27.8% and 21.3% against the same period of last year.

Meanwhile, the value of goods imported from Portuguese-speaking countries (525 million patacas) and the countries of the Belt and Road with the exception of Greater China (5.16 billion patacas) increased by 25.6% and 21.3%, respectively.

In August, Macau’s balance of trade recorded a deficit of 6.56 billion patacas, with exports of 10.194 billion patacas and imports of 7.576 billion. (macauhub)