Macau-China trade reached US$1.01 bln in Q1

The value of trade between the Special Administrative Region and Mainland China reached US$1.01 billion (MOP8.08 billion) during the first quarter of the year.
According to the latest data released by the Chinese Ministry of Commerce, the value of the Mainland’s exports to Macau reached US$9.5 billion in the first quarter of the year whilst Macau’s exports to Mainland China totalled US$60 million, up 24.3 per cent and 14.2 per cent year-on-year, respectively.
In March, although the value of trade between the two parties reached US$330 million, a quarter-on-quarter growth of 17.6 per cent, on a year-on-year comparison the value decreased by 4.2 per cent due to China’s exports to Macau in the month being down by 5.4 per cent year-on-year to US$310 million.
Nevertheless, the Special Administrative Region’s exports to the country surged 20.1 per cent year-on-year, or 11.2 per cent quarter-on-quarter to US$20 million.
The data of the Ministry also indicated that the Mainland authorities had approved 120 investment projects on the Mainland by Macau companies during the first quarter, of which 40 projects were given the green light in March. The realised investment of the Macau firms in China amounted to US$180 million in the quarter, up 23.5 per cent year-on-year.
Meanwhile, in the three months, seven projects in Macau, amounting to US$ 1 billion, were contracted to Mainland firms, generating a turnover of US$190 million.
K.L.