Merchandise exports reach MOP850 mln in September, up 11.6 pct

Statistics and Census Service (DSEC) data indicates that total merchandise exports for September 2015 amounted to MOP850 million, up 11.6 per cent year-on-year; the value of re-exports grew 20.9 per cent to MOP713 million, of which the value of Clocks & watches and Diamonds & diamond jewellery soared 343.3 per cent and 229.0 per cent, respectively; however, the value of domestic exports dropped 20.4 per cent to MOP137 million, of which domestic exports of Tobacco decreased 21.9 per cent to MOP42 million. Total merchandise imports fell 10.8 per cent year-on-year to MOP6.99 billion. The merchandise trade deficit amounted to MOP6.14 billion. In the third quarter of 2015, the total value of merchandise exports (MOP2.69 billion) rose by 18.6 per cent year-on-year but that of merchandise imports (MOP21.06 billion) dropped 4.4 per cent, resulting in a trade deficit of MOP18.37 billion. First three quarters In the first three quarters of 2015, the total value of merchandise exports grew 11.8 per cent year-on-year to MOP8.14 billion, of which the value of re-exports (MOP6.81 billion) increased 17.4 per cent, while that of domestic exports (MOP1.34 billion) declined 10.3 per cent. The total value of merchandise imports fell 1.7 per cent to MOP63.73 billion. The merchandise trade deficit widened to MOP55.59 billion for the first three quarters of 2015. Analysed by destination, merchandise exports to Hong Kong (MOP4.94 billion) and Mainland China (MOP1.34 billion) in the first three quarters of 2015 increased by 15.1 per cent and 19.3 per cent year-on-year, while exports to the EU (MOP170 million) and the USA (MOP149 million) decreased 22.0 per cent and 38.2 per cent, respectively. By country of origin, merchandise imports from Mainland China (MOP23.51 billion) in the first three quarters of 2015 increased 11.2 per cent year-on-year, while imports from the EU (MOP14.37 billion) fell 12.2 per cent. External merchandise trade reached MOP71.88 billion in the first three quarters of 2015, down 0.4 per cent compared with MOP72.14 billion a year earlier.