economylusophony

Macau registers 22% growth in imports from Portuguese-speaking countries

Macau imported up to September goods from Portuguese-speaking countries worth 582 million patacas (63.26 million euros), an increase of 22% compared to the same period in 2017, the authorities said today.

Macao’s exports to Portuguese-speaking countries increased significantly in the first nine months of the year. According to the Statistics and Census Service (DSEC), Macao exported goods worth MOP24 million (2.61 million euros) to Lusophone countries, an increase of 3,524% over the same period of last year.

In total, the country’s exports rose by 5.9% until the end of September to 9.07 billion patacas, but the trade deficit continues to increase as imports grew by 21.7% to 56, 87 billion patacas.

Exports to Mainland China in the period under analysis amounted to 1.54 billion patacas, a decline of 5.1% over the same period last year. In this area, DSEC highlights the decrease in exports to Shanghai (-87.4%).

On the other hand, the value of exports to the nine provinces of the Pearl River Delta, neighbouring Macao, in the south of the country, increased by 5.1% to 1.51 billion patacas.

Exports to Hong Kong and the European Union increased by 11.9% and 3.3%, respectively.

Already sales to the United States fell 27.9%.

The total value of the foreign trade of goods in Macao between January and September corresponded to 75.01 billion patacas, 19.6% more than in the same period of 2017.

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