In November, the total value of goods exported and imported in Macao was 11.5 billion and 114.9 billion Macao patacas, respectively.
27/12/2024
GMT Eight
On December 27, data from the Statistics and Census Service of Macao showed that in November 2024, the total value of goods exported and imported by Macao was 11.5 billion yuan and 114.9 billion yuan respectively, a year-on-year decrease of 17.3% and 7.8%; resulting in a trade deficit of 103.4 billion yuan. The total value of exported goods for the first eleven months of this year was 124.6 billion yuan, an increase of 1.7% compared to the same period last year; while the total value of imported goods decreased by 9.1% to 1,177.0 billion yuan. This resulted in a trade deficit of 1,052.3 billion yuan, a decrease of 120.4 billion yuan compared to the same period last year.
Compared to the same month in 2023, the value of re-exports in November decreased by 18.4%, with a significant decrease in casino-related products and alcohol by 91.4% and 50.1%, respectively, and an increase in clothing and watches by 1.1 times and 84.6%, respectively. The value of locally produced goods exported decreased by 5.5%, with a decrease in baked goods and copper products by 35.5% and 13.7%, respectively, and an increase in clothing, pharmaceuticals, and organic chemicals by 10.4% and 2.4%, respectively. The total value of imported goods decreased by 7.8%, with significant decreases in building materials, perfumes, beauty and skincare products by 51.6%, 50.0%, and 41.5%, respectively, and increases in casino-related products and mobile phones by 31.2% and 27.2%, respectively.
From January to November of this year, Macao's total foreign trade amounted to 130.16 billion yuan, an 8.2% decrease compared to the same period last year. The total value of exported goods increased by 1.7%; re-exports increased by 2.5% to 11.11 billion yuan, while the value of locally produced goods exported decreased by 4.4%. The total value of imported goods decreased by 9.1%.
In terms of export destinations, from January to November, the value of exports to Belt and Road countries and the European Union increased by 19.8% and 40.7% respectively compared to the same period last year, while exports to mainland China, Hong Kong, and the United States decreased by 21.5%, 1.1%, and 32.0% respectively. In terms of goods classification, textile and apparel exports increased by 15.5% to 14.3 billion yuan, while non-textile exports also slightly increased by 0.2% to 110.4 billion yuan.
In terms of the origin of imported goods, the value of goods imported from mainland China, the European Union, and Belt and Road countries in the first eleven months decreased by 2.5%, 16.5%, and 5.6% respectively compared to the same period last year, while imports from Japan increased by 5.3%. In terms of the source of goods, the value of goods imported from mainland China increased by 2.4%, while imports from Hong Kong decreased by 12.3%. In terms of goods classification, imports of consumer goods decreased by 14.7% to 831.3 billion yuan, with decreases in food and beverages, clothing and footwear, and gold jewelry by 8.3%, 3.6%, and 27.8%, respectively. The value of fuel and lubricants imported increased by 11.0%, while mobile phones and building materials recorded decreases of 17.9% and 32.7% respectively.