Foreign trade statistics for August 2022

MACAO, September 29 – Information from the Statistics and Census Service (DSEC) indicates that total merchandise exports amounted to MOP 1.37 billion in August 2022, up 28.3% year-on-year the other. The value of re-exports (1.16 billion MOP) increased by 31.0%, of which re-exports of travel goods and handbags and footwear jumped by 157.6% and 102.3% respectively, while that of machinery, appliances and parts fell by 47.5%. The value of national exports (202 million MOP) increased by 14.7%, of which the national exports of pharmaceuticals and organic chemicals increased by 116.1% while those of copper and copper articles decreased by 10.0%. Meanwhile, total merchandise imports fell by 4.4% year-on-year to MOP 11.66 billion; imports of mobile phones, beauty, cosmetics and skin care products and perfumes decreased by 58.0%, 32.6% and 29.8% respectively, while imports of gold jewellery, food and beverage products and watches increased by 60.7%, 29.1% and 19.5% respectively. The merchandise trade deficit in August 2022 stood at MOP 10.29 billion.

From January to August this year, the total value of merchandise exports increased by 3.0% year-on-year to MOP 9.13 billion, including the value of re-exports (MOP 7.75 billion) and exports national (1.39 billion MOP) up by 2.0% and 9.3% respectively. The total value of merchandise imports fell 11.0% year-on-year to MOP 90.00 billion. The merchandise trade deficit stood at MOP 80.87 billion for the first eight months of 2022, down MOP 11.34 billion from MOP 92.21 billion a year earlier.

Analyzed by destination, merchandise exports to Hong Kong (7.00 billion MOP), the United States (468 million MOP) and the EU (133 million MOP) registered respective annual growth of 13.5 %, 4.0% and 6.8% from January to August. 2022. Meanwhile, exports to mainland China fell 36.9% year-on-year to MOP 866 million, of which exports to the nine provinces of the Pan Pearl River Delta (MOP 807 million) fell fell 34.5%. Exports to Belt and Road countries (263 million MOP) increased by 26.1%, while exports to Portuguese-speaking countries (1 million MOP) fell by 70.1% . Exports of textiles and clothing rose 26.9% year-on-year to MOP 1.29 billion, while non-textile exports fell 0.1% to MOP 7.84 billion.

By place of origin, imports of goods from the EU (30.56 billion MOP) and mainland China (27.08 billion MOP) in the first eight months of 2022 respectively decreased by 3 .3% and 18.9% year-on-year. Imports from Belt and Road countries (MOP 16.33 billion) decreased by 0.3%, while imports from Portuguese-speaking countries (MOP 620 million) increased by 36.2%. Analyzed by place of shipment, imports of goods from Hong Kong (75.79 billion MOP) fell by 12.8% over one year. Imports from mainland China increased by 1.8% to MOP 11.09 billion, with imports from the nine provinces of the Pan Pearl River Delta (MOP 10.87 billion) increasing by 2.2 %. Imports of consumer goods decreased by 7.5% to MOP 65.98 billion, including imports of beauty, cosmetics and skin care products (MOP 13.20 billion) and watches (6 .54 billion MOP) decreased by 19.6% and 19.8% respectively; however, imports of food and beverages (11.63 billion MOP) increased by 24.6%. Imports of fuels and lubricants (4.16 billion MOP) increased by 3.9%, while imports of mobile phones (7.58 billion MOP) and building materials (1.87 billion MOP) fell 44.5% and 9.4% respectively.

Foreign trade in goods totaled MOP 99.14 billion from January to August 2022, down 9.8% from MOP 109.94 billion a year earlier.