Macau posted a trade deficit of 18.137 billion patacas (US$2.267 billion) in the first quarter of 2019, compared to a deficit of 19.651 billion patacas in the same period of 2018, according to the region’s Statistics and Census Bureau.
The deficit recorded in the first three months of the year was due to the fact that exports grew 22.5% to 3.614 billion patacas (2.917 billion patacas in the same period of 2018) and imports fell by 2.4% to 21.778 billion patacas (US$22.622 billion).
The value of products exported in the quarter to the Portuguese-speaking countries was 258,000 patacas, an increase of 257.1% on year, while imports from these same countries grew 14.8% to 230 million patacas.
In March alone, the balance of trade was negative by 6.050 billion patacas, with exports of 1.189 billion patacas, a year-on-year increase of 15.5% and imports that fell 3.3% to 7.240 billion patacas. (Macauhub)