(Xinhua/Li Ying)

Portuguese-speaking countries exports to Macau drop 14.5pct y-on-y in Q1

Portuguese-speaking countries exported 14.5 per cent less to Macau in the first quarter of the year, compared to the same period in 2020, the Statistics and Census Bureau (DSEC) said today (Friday).

Portuguese-speaking countries exported goods worth MOP163 million to the SAR in the first three months of the year.

On the other hand, Portuguese-speaking countries imported products worth just MOP291,000, an increase of 277 per cent, the Macau authorities said.

In total, Macau exported products valued at MOP3.46 billion, an increase of 15.1 per cent compared to the same period in 2020.

On the other hand, it imported MOP29.74 billion, an increase of 82.5 per cent, in annual terms.

The trade deficit until February this year was MOP26.28 billion, compared to MOP13.29 billion when compared to the same period in 2020.

In the first quarter, the total value of foreign trade in goods was MOP33.2 billion, 72 per cent more than in the same period in 2020.