Trade deficit widens

The value of Macau’s total merchandise exports for May 2010 decreased by 9.2 percent year-on-year to MOP518 million. The value of total merchandise imports amounted to MOP3.42 billion, up by 20.1 percent year-on-year, according to official data. A trade deficit of MOP2.91 billion was recorded for May 2010. In the first five months of 2010, total value of merchandise exports fell by 7.6 percent year-on-year to MOP3.03 billion; meanwhile, total value of merchandise imports grew by 19.3 percent to MOP16.79 billion. The trade deficit from January to May 2010 widened by 27.4 percent year-on-year to MOP13.76 billion; the exports/imports ratio went down by 5.3 percentage points year-on-year to 18.0 percent. Analyzed by destination of exports, the value of merchandise exports to Hong Kong in the first five months of 2010 increased by 21.8 percent year-on-year to MOP1.39 billion, while that to Mainland China (MOP482 million), the USA (MOP321 million) and the EU (MOP159 million) decreased. Regarding the country of origin of imported goods, in the first five months of 2010, the value of merchandise imports from Mainland China (MOP5.18 billion) and the EU (MOP3.63 billion) expanded by 21.4 percent and 23.0 percent respectively year-on-year.