Macao’s merchandise imports fell 11.8 per cent year-on-year to MOP 78.39 billion in the first seven months of the year, while total exports of goods (domestic exports and re-exports) dropped 0.4 per cent to MOP 7.76 billion, the Statistics and Census Bureau has announced.
Re-exports accounted for 84.7 per cent of total exports.
Between January and July, Macao recorded a merchandise trade balance deficit of MOP 70.62 billion.
Beauty, cosmetic and skincare products – Macao’s number-one import segment – decreased 17.4 per cent to MOP 11.58 billion.
Most of Macao’s imports originated from mainland China (30.3 per cent), France (19.5 per cent) and Italy (11.6 per cent).
Some 76 per cent of Macao’s exports were shipped to Hong Kong, The Macau Post Daily reported.
