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Macau imports fall 30% in February, but facemask imports surge

Macau’s imports fell 30.3% year-on-year to 3.87 billion patacas last month.

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UPDATED: 22 Dec 2023, 5:47 am

Macau’s imports fell 30.3 per cent year-on-year to MOP 3.87 billion (US$484.8 million) last month, when total exports (domestic exports plus re-exports) dipped 1.4 per cent to MOP 911 million, the Statistics and Census Bureau (DSEC) said in a statement today.

Last month’s imports fell to the lowest since March 2011, according to the statement.

Macau’s economy has been hit hard by the COVID-19 crisis since late January.

However, according to the bureau, imports of certain textile products, mostly facemasks, leapt 854.6 per cent year-on-year, while imports of pharmaceutical products increased 57.6 per cent.

Imports of gold jewellery and watches fell 73.9 per cent and 57.9 per cent to MOP 94.1 million and MOP 218 million, respectively. Both products are particularly popular with visitors from the Chinese mainland. Mobile phone imports dropped 68.3 per cent to MOP 123.5 million.

In the first two months, exports fell 16.0 per cent to MOP 2.06 billion (re-exports accounting for 89.1 per cent of total exports), while imports dropped 14.1 per cent to MOP 12.3 billion.

(The Macau Post Daily/Macau News)
PHOTO © Macau Daily Times

UPDATED: 22 Dec 2023, 5:47 am

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