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November re-exports rise 36 pct

Macau’s re-exports rose 36.4 percent year on year to 841 million patacas last month, the Statistics and Census Bureau (DSEC) announced Thursday.

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UPDATED: 22 Dec 2023, 5:46 am

Macau’s re-exports rose 36.4 percent year on year to 841 million patacas last month, the Statistics and Census Bureau (DSEC) announced Thursday.

Re-exports accounted for 83.7 percent of the total value of exports in November.

In the first 11 months of the year, re-exports grew 16.9 percent to 8.75 billion patacas, accounting for 84.3 percent of all exports.

Domestic exports fell 9.5 percent to 163 million patacas last month. They declined 10.0 percent to 1.6 billion patacas between January and November.

Imports rose 11.3 percent to 7.5 billion patacas last month. In the first 11 months, imports grew 5.3 percent to 67.98 billion patacas, resulting in an external merchandise trade deficit of 57.6 billion patacas.

In the January-November period, Macau imported gold jewellery worth 6.0 billion patacas (+18.9 percent), watches worth 4.69 billion patacas (+11.5 percent), mobile phones worth 3.89 billion patacas (-11.8 percent), and handbags and wallets worth 3.13 billion patacas (+34.9 percent).

The mainland and Hong Kong continued to be the city’s main sources of exports and imports, accounting for 77.4 percent of all exports and 42.4 percent of the total value of imports.

UPDATED: 22 Dec 2023, 5:46 am

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