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Macau imports fell while exports grew during November

Information from the Statistics and Census Service indicated that total imports of goods for November 2015 fell 17.4 percent year-on-year, while total exports of goods are up 6 percent for the same period. Excluding the import and export of services, the goods trade deficit widened to MOP68.02 billion for the first eleven months of 2015. […]

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Information from the Statistics and Census Service indicated that total imports of goods for November 2015 fell 17.4 percent year-on-year, while total exports of goods are up 6 percent for the same period.

Excluding the import and export of services, the goods trade deficit widened to MOP68.02 billion for the first eleven months of 2015.

The data also indicated that total imports of goods, which amounted to MOP6.67 billion in November, saw a fourth consecutive month of decline, resulting in a figure 17.4 percent smaller than recorded in November 2014.

By country of origin, imports from mainland China (MOP29.19 billion) slipped 9.3 percent year-on-year, while imports from the European Union (MOP17.25) fell 13.1 percent.

Total exports of goods for November constituted MOP9.79 billion. While the value of re-exports increased 14.6 percent, domestic exports fell by more than 10 percent.

By destination, the export of goods to Hong Kong (MOP5.83 billion) and to mainland China (MOP1.67 billion) increased by 11.3 percent and 19.3 percent year-on-year, respectively, for the first eleven months of 2015.

Meanwhile, exports to the EU (MOP203 million) and the USA (MOP184 million) tumbled by 23.1 percent and 34.8 percent, respectively.

(macaunews/macaudailytimes)

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