Macao trade deficit is 3.85 bln Pat in first 2 months

The Statistics and Census Service (DSEC) of the Macao Special Administrative Region announced on March 31 that during the first two months of this year, Macao's trade deficit was almost 3.85 billion Macao Pataca (Pat).

Statistics reveal that in the first two months, Macao's total export value was 26.66 billion Pat, a 10% decline from the same period last year. The import value was 65.1 million Pat, a 14.7% increase over the same period last year.

The U.S. and European Union members are the main destinations for Macao's exports. The exports to both destinations accounted for 58.5% of the total export value in the first two months. The value of export commodities to the two areas dropped 7.2% and 26.8%, respectively, compared with the same period last year.

Imported goods mainly originate in Asia. Goods imported from the Chinese mainland and Hong Kong amount to 50.2% of total import values in January and February - increases of 8.5% and 12.5%, respectively, over the same period last year.

Source: People's Daily Online