Foreign trade statistics for February 2022

MACAO, March 30 – Information from the Statistics and Census Service (DSEC) indicates that total merchandise exports amounted to MOP 1.01 billion in February 2022, up 39.2% year-on-year. The value of re-exports (870 million MOP) increased by 36.8%, with that of travel goods and handbags and clothing increasing by 305.0% and 197.3% respectively. The value of domestic exports (142 million MOP) increased by 55.9%, with that of clothing and copper and copper articles increasing by 31.6% and 40.2% respectively. Meanwhile, total merchandise imports increased by 38.7% year-on-year to MOP 10.56 billion; imports of beauty, cosmetics and skincare products, perfumes and electronic components jumped 202.7%, 192.7% and 186.6% respectively, while imports of pharmaceuticals and automobiles and motorcycles decreased by 28.2% and 24.2% respectively. The merchandise trade deficit in February 2022 stood at MOP 9.54 billion.

From January to February this year, the total value of merchandise exports increased by 13.4% year-on-year to MOP 2.45 billion, including the value of re-exports (MOP 2.10 billion) and exports (341 million MOP) increased by 10.9% and 31.4% respectively. The total value of merchandise imports increased by 35.7% year-on-year to MOP 24.61 billion. The merchandise trade deficit stood at MOP 22.17 billion for the first two months of 2022, up MOP 6.19 billion from MOP 15.98 billion a year earlier.

Analyzed by destination, merchandise exports to Hong Kong (1.94 billion MOP), the United States (89 million MOP) and the EU (45 million MOP) from January to February 2022 increased respectively by 17 .9%, 22.5% and 30.5% year over year. Exports to mainland China fell 26.5% year-on-year to MOP 175 million, of which exports to the nine provinces of the Pan Pearl River Delta (MOP 148 million) fell 30.6% . Exports to Belt and Road countries (MOP 58 million) decreased by 11.5%, while exports to Portuguese-speaking countries (MOP 236,000) increased by 45.6%. Exports of textiles and garments increased by 52.7% year-on-year to MOP 249 million, while non-textile exports increased by 10.2% to MOP 2.20 billion.

By place of origin, imports of goods from the EU (9.33 billion MOP) and mainland China (7.01 billion MOP) in the first two months of 2022 increased respectively by 59 .3% and 8.2% year-on-year. Imports from Belt and Road countries (MOP 4.63 billion) and Portuguese-speaking countries (MOP 132 million) increased by 29.0% and 25.0% respectively. Analyzed by place of shipment, imports of goods from Hong Kong (21.65 billion MOP) increased by 46.1% year-on-year. By contrast, imports from mainland China fell 16.1% to MOP 2.18 billion, with imports from the nine provinces of the Pan Pearl River Delta (MOP 2.14 billion) falling 15 .5%. Imports of consumer goods increased by 42.2% to reach MOP 18.49 billion, including imports of beauty, cosmetics and skincare products (MOP 3.75 billion), food and beverages (2.68 billion MOP) and gold jewelery (2.18 billion MOP) by 160.7%, 24.5% and 76.4% respectively. In addition, imports of Mobile Phones (2.69 billion MOP), Fuels & Lubricants (876 million MOP) and Building Materials (334 million MOP) recorded respective growth of 26.1%, 15.8% and 5.4%.

Foreign trade in goods totaled MOP 27.06 billion from January to February 2022, up 33.3% from MOP 20.29 billion a year earlier.