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Macau imports 7.4% more Lusophone countries until November

by ace
Macau imports 7.4% more Lusophone countries until November

Macau imported from Lusophone countries, from January to November, 776 million patacas (about 86 million euros) in merchandise, or 7.4% more compared to the same period of 2018, was announced today.

In a statement, the Directorate of Statistics and Census Services (DSEC) said that the territory exported to the Lusophone block, in the first 11 months of the year, goods worth one million patacas (111 thousand euros), a drop of 94, 8% year on year.

Between January and November last year, global merchandise imports reached MOP 81.31 billion (EUR 9 billion), down 1% from the same period last year.

Exports from the territory totaled MOP 11.69 billion (EUR 1.3 billion), up 4.9% year-on-year, according to DSEC.

The balance of trade deficit for the first 11 months of this year was MOP 69.62 billion (EUR 7.7 billion), down by MOP 1.80 billion (EUR 200 million), compared to 2018, DSEC noted.

By country or territory, exports to mainland China amounted to MOP 1.44 billion (EUR 160 million), down 22.1% from the first 11 months of 2018.

By contrast, goods exported to Hong Kong (MOP 7.49 billion or EUR 833 million) and to the United States (MOP 249 million or EUR 27.7 million) increased by 7.7% and % respectively indicated the authorities.

On the import side, imports from China dropped by 3.2% to MOP 27.97 billion (EUR 3.112 billion) year-on-year.

Conversely, the value of goods imported from the European Union (MOP22.31 billion, or EUR 2.5 billion) rose 9.2% in the first 11 months of the year.

The total value of foreign trade in goods between January and November 2019 was 93 billion patacas (10.35 billion euros), down 0.3% over the same period in 2018.

. (tagsToTranslate) portuguese agency


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