Macau’s merchandise exports and imports grew in the double digits in the third quarter, the Statistics and Census Bureau (DSEC) has announced in a statement.
Merchandise exports increased by 20.4 percent year-on-year to 12.41 billion patacas, of which values of re-exports (11.12 billion patacas) and domestic exports (1.30 billion patacas) grew by 20.5 percent and 19.8 percent respectively. Re-exports generated 89.6 percent of total merchandise exports.
Merchandise imports rose by 22.0 percent year-on-year to 110.70 billion patacas. Macau’s external merchandise trade totalled 123.12 billion patacas in the first three quarters, resulting in a merchandise trade deficit of 98.29 billion patacas, according to yesterday's statement.
Merchandise exports to the Chinese mainland (1.51 billion patacas) and the Hong Kong Special Administrative Region (8.91 billion patacas) grew 61.8 percent and 21.2 percent respectively, whereas exports to the European Union (157 million patacas) dipped by 0.4 percent..
Merchandise imports from the Chinese mainland (45.70 billion patacas) and the HKSAR (7.86 billion patacas) leapt by 63.7 percent and 55.5 percent respectively, while those from the European Union (26.33 billion patacas) dropped by 0.1%. Analysed by place of consignment, merchandise imports from the Chinese mainland (18.28 billion patacas) and the HKSAR (87.36 billion patacas) increased by 22.5 percent and 23.1 percent respectively.
Imports of consumer goods increased by 5.7 percent to 69.54 billion patacas, of which imports of gold jewellery (12.19 billion patacas) and mobile phones (3.45 billion patacas) rose by 48.9 percent and 58.9 percent respectively, while F&B imports (15.49 billion patacas) shrank by 8.2 percent.
The Macao Special Administrative Region (MSAR) is a free port and separate customs territory of the People’s Republic of China (PRC). It is a member of the World Trade Organisation (WTO) and the World Customs Organisation (WCO).
