Asia > Eastern Asia > Macau > Macau posts trade deficit of US$1.825 billion in the 1st quarter

Macau: Macau posts trade deficit of US$1.825 billion in the 1st quarter


Macau’s trade deficit in the initial quarter 2016 reached 14.602 billion patacas (US$1.825 billion), a year on year development of 25.3 %, reported the Statistics and Census Bureau.

According to the Bureau, the trade deficit in the initial quarter of 2015 totalled 19.5516 billion patacas.

In the initial three months of 2016 Macau exported goods worth 2.697 billion patacas (almost the same all as the 2.699 billion patacas recorded in 2015) and imported goods worth 17.300 billion patacas, a real drop of 7.651 billion patacas compared to the all recorded in the same period of 2015.

Part the imported products in the 1st quarter, the Bureau noted a downturn in the imports of wristwatches (1.06 billion patacas or -38.8 %) and passenger cars and motorcycles (339 million patacas or -48.2 %), fuels and lubricants (1.34 billion patacas or -19.9 %), mobile phones (1.30 billion patacas or -51.8 %) and building materials (489 million patacas or -39.3 %).

In March the Macau trade deficit reached 4.479 billion patacas, with exports falling 3.9 % to 1.014 billion patacas and imports reaching 5.493 billion patacas, or an annual contraction of 23.2 %. 

Related Articles
  • Singapore to focus on themes of resilience, innovation as ASEAN chairman

    2018/01/13 Singapore will focus on strengthening the collective resilience of the Association of Southeast Asian Nations (ASEAN) inclunding promoting innovation part member economies, Prime Minister Lee Hsien Loong said as he launched the country's chairmanship of the regional bloc with songs, dance and food. “The last time we chaired ASEAN was in 2007 and we are very happy to be chairing it again,” Mr Lee said on Friday (Jan 12) at the Experience ASEAN launch event held at Bishan-Ang Mo Kio Park. Visitors can look forward to food, craft stalls and performances from the region at the event held from Friday to Sunday.
  • World food prices up 8.2% in 2017

    2018/01/13 World food prices rose by 8.2 % in 2017 compared to 2016, the UN's food agency said on Friday (Jan 12). The Food and Agriculture Organisation said that its FAO Food Price Index averaged 174.6 points in 2017, the highest annual average since 2014. In December alone, however, the index - a measure of the monthly change in international prices of a basket of food commodities - stood at 169.8 points, down 3.3 % from November, the FAO said in a statement.
  • Bitcoin just started trading on the world’s biggest exchange

    2017/12/19 Bitcoin futures started trading Sunday night at CME Group Inc.’s venue, a week next Chicago rival Cboe World Markets Inc. introduced similar derivatives on the volatile cryptocurrency. CME is a much bigger player in futures, so a lot of traders expected it to make a bigger splash in the nascent space. CME got off to a faster start with additional efficient pricing. Its most-active arrangement changed hands 221 times in the initial hour versus 570 during Cboe’s debut. But that’s a win because CME’s contracts are five times additional precious — they’re tied to five bitcoins compared with only one with Cboe’s futures.
  • A Stronger Australia in Southeast Asia?

    2017/11/02 Early next year, Sydney will play host to a appropriate summit between Australia and the members of the Association of Southeast Asian Nations (ASEAN), which is commemorating its 50th anniversary this year. But as we approach that conference, questions remain about what role Canberra should really play in Southeast Asia amid concerning developments within the subregion, vexing security issues in Asia additional broadly, and uncertainty over the role of other powers inclunding the United States. Australia’s position and standing as a wealthy, Western-oriented country in the region, one would think, would give it an chance at the negotiating table where critical issues like North Korea and a potential conflict in the South China Sea will dictate the broader schedule. And some analysts continue to argue that the Australian government should take a additional proactive stance with ASEAN, which is facing difficult times as individual members take unilateral action to silence dissent, upsetting civil rights groups and a lot of in the West.
  • The downsides to Singapore’s education system: streaming, stress and suicides

    2017/09/23 Singapore’s education system is reputed for producing children who top the world rankings in standardised tests. The city national took initial place in the last Pisa (world education rankings. The country’s school system is geared towards high succcess in exams, but the emphasis on rote learning and memorisation, combined with pressure to succeed, affects children’s social skills, health and in general happiness .Run by the Organisation for Economic Co-operation and Development, Pisa tests, conducted each three years, are intended as a measure of problem-solving and cognition. From presently on Singapore’s superiority in the rankings may be coming at an equally high price.