Macau trade deficit widens in January-September period

31 October 2018

Macau’s trade deficit widened by 28.23% year-on-year in the January-September period to a total of 56.87 billion patacas (US$7.108 billion), according to the region’s Statistics and Census Bureau.

A year earlier, the trade deficit stood at 45.907 billion patacas, resulting from exports of 8.564 billion patacas and imports of 54.471 billion patacas.

In the first three quarters of 2018 Macau exported goods worth 9.070 billion patacas, a year-on-year increase of 5.9%, but imported goods valued at 65.941 billion patacas, 21.7% more than the value of imports in the same period of 2017.

Of the exports registered between January and September, most of them – 7.908 billion patacas or 87% of the total – were re-exports, with exports from the territory amounting to just 1.162 billion patacas.

The value of goods exported to the Portuguese-speaking countries (24 million patacas) increased by 3524.7% and for the “Belt and Road” countries, with the exception of the Greater China region (257 million patacas) fell 4.9%.

Meanwhile, the value of goods imported from Portuguese-speaking countries (582 million patacas) and the “Belt and Road” countries, with the exception of the Greater China region (5.81 billion patacas) grew by 22.0 % and 18.0%, respectively.

In September, Macau exported goods worth 934 million patacas (+5.9%) and imported goods worth 7b.602 million patacas (+21.7%), with a trade deficit of 6.668 billion patacas. (macauhub)