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Increase in consumer goods trade in and out

During the month of June, the merchandise trade deficit amounted to MOP5.24 billion

The value of total merchandise exports from the city reached MOP938 million (US$116.61 million) in June, signalling an increase of 14.3 per cent year-on-year, according to the latest information released by the Statistics and Census Services (DSEC).
The merchandise import value rose 10.4 per cent year-on-year during the month, reaching to MOP6.17 billion.
In particular, re-exports of machines, apparatus and parts saw their value rise by 221.6 per cent (MOP224 million).
During the month, the merchandise trade deficit amounted to MOP5.24 billion.
For the second quarter of 2017, merchandise exports grew 10.8 per cent to MOP2.67 billion, and merchandise imports rose 5.3 per cent to MOP17.23 billion.
The total value of merchandise exports during the first half year reached MOP5.62 billion, an increase of 9.8 per cent year-on-year.
The import of consumer goods also recorded growth, up 5.6 per cent year-on-year to MOP35.12 billion.
The merchandise trade deficit during the first six months of 2017 amounted to MOP29.50 billion.
External merchandise trade amounted to MOP40.73 billion during the period, up 6.1 per cent year-on-year for the period.

Hong Kong was the main destination for local products, receiving MOP3.50 billion worth of exports during the first half of 2017, up 16.8 per cent year-on-year.
Mainland China was another important destination for local consumer goods – up 2.3 per cent to MOP917 million – with the majority of goods heading to the nine provinces of the Pan Pearl River Delta (MOP870 million), up 2.3 per cent.
Although not representing a significant market, exports to France increased nearly 219 per cent during the first six months of the year (MOP36.3 million).
Yet, exports to Portuguese-speaking countries dropped drastically by 87.8 per cent year-on-year to MOP700,000.
In particular, the export of diamonds and diamond jewellery rose 35.9 per cent to MOP444 million.

The food and beverage segment was the strongest, bringing in some MOP5.75 billion in imports during the first half-year – up 3.2 per cent year-on-year.
Mainland China represented the biggest exporter of goods to Macau, totalling MOP11.51 billion in the first half of 2017, a drop of 6.7 per cent.
Imports from Portuguese-speaking countries also decreased 3.3 per cent to MOP306 million during the period.
Imports from the European Union went up 14.8 per cent to MOP9.07 billion.
In particular, the value of imported watches rose 39.6 per cent to MOP2.57 billion during the first half-year.