The total value of goods exported from Macao amounted to 12.25 billion patacas across the first 11 months of the year, a 3.5 percent year-on-year decrease, official figures show.
Domestic exports – which make up 12 percent of the total – dropped by 24 percent year-on-year over the period, to 1.42 billion patacas. In November alone, they decreased by 42 percent.
Macao’s merchandise trade deficit meanwhile swelled by 2.23 billion patacas year-on-year to stand at 117.45 billion patacas for the first eleven months of 2023.
[See more: Macao’s economy could grow by more than 20 percent next year]
Merchandise exports to mainland China amounted to 884 million patacas between January and November – a 28 percent decline, year-on-year. Exports to Hong Kong totalled 8.98 billion patacas, down by eight percent for the period.
Exports to Portuguese-speaking countries totalled just 664,000 patacas between January and November, a 58 percent slide.
Re-exports (the bulk of Macao’s merchandise exports) stayed steady overall. They totalled 10.83 billion patacas for the first 11 months of the year.
