Macau’s trade deficit improves in the first half of 2019

31 July 2019

Macau’s trade deficit improved by 3.3% year-on-year in the first half of 2019 to 36.016 billion patacas (US$4.502 billion), according to the Statistics and Census Bureau.

The improvement in the deficit in the first six months of this year was due to exports increasing by 3.3% to 6.403 billion and imports contracting by 1.7% to 42.420 billion patacas.

The value of goods exports to the Portuguese-speaking countries (969,000 patacas) and to the Belt and Road countries (90 million patacas) from January to June decreased by 96.0% and 33.5%, respectively. .

The value of imports of goods from Portuguese-speaking countries (432 million patacas) and Belt and Road countries (6.28 billion patacas) increased by 9.8% and 85.9%, respectively.

In June, Macau exported goods worth 906 million patacas, a year-on-year decline of 14.29%, and imported goods worth 6.655 billion patacas (-8.32%), with a trade deficit of 5.749 billion patacas. (Macauhub)