Macau (MNA) – The city’s merchandise trade deficit reached MOP6.63 billion (US$820.17 million) in the month of July, data released by the Statistics and Census Service (DSEC) on Thursday revealed.
The total merchandise export for the month amounted to MOP918 million, down 17.6 per cent year-on-year when compared to the same period last year.
Of this, the value of re-exports dropped 17.4 per cent year-on-year to MOP791 million, while the value of domestic exports decreased 18.7 per cent to MOP127 million.
Total merchandise imports increased 23.6 per cent year-on-year to MOP7.54 billion, of which imports of ‘mobile phones’, ‘watches’ and ‘beauty, cosmetic & skin-care’ products expanded 59.9 per cent, 56.3 per cent and 41.7 per cent, respectively.
Regarding the destinations for trade, exports to Portuguese-speaking countries increased a substantial 3,610.3 per cent year-on-year for the first seven months of 2018, amounting to MOP24 million.
However, the value of exports to Mainland China dropped 3.9 per cent to MOP1.18 billion, while exports to Hong Kong increased 8.3 per cent to MOP4.43 billion.
The value of imports from Mainland China was MOP17.45 billion, up 29.4 per cent year-on-year for the seven months of this year.
Imports from the European Union (EU) increased 21.2 per cent, amounting to MOP12.81 billion.
For the seven months of 2018, merchandise trade deficit widened to MOP43.79 billion.