Foreign trade statistics for July 2022

MACAO, Aug 31 – Information from the Statistics and Census Service (DSEC) indicates that total merchandise imports fell sharply by 71.3% year-on-year to MOP 4.39 billion in July 2022, due to a drop in demand for imported goods as well as a substantial decline in local economic activity amid the coronavirus pandemic. Imports of beauty, cosmetics and skincare products, mobile phones and watches fell by 97.1%, 94.5% and 82.6% respectively. Total merchandise exports amounted to MOP 594 million, down 47.0% year-on-year. The value of re-exports (462 million MOP) decreased by 51.1%, of which re-exports of Watches and Diamonds & Diamond Jewelery fell by 74.3% and 63.6% respectively, while those of Articles casinos increased by 67.0%. The value of national exports (132 million MOP) fell by 24.9%, of which the national exports of copper and articles of copper and clothing fell by 24.9% and 6.7% respectively. The merchandise trade deficit in July stood at MOP 3.80 billion.

From January to July this year, the total value of merchandise exports fell by 0.4% year-on-year to MOP 7.77 billion, of which the value of re-exports (MOP 6.58 billion) fell by 1.9% while the value of national exports (1.18 billion MOP) increased by 8.4%. The total value of merchandise imports fell 11.8% year-on-year to MOP 78.39 billion. The merchandise trade deficit stood at MOP 70.62 billion for the first seven months of 2022, down MOP 10.45 billion from MOP 81.07 billion a year earlier.

Analyzed by destination, merchandise exports to Hong Kong (5.90 billion MOP), the United States (395 million MOP) and the EU (113 million MOP) recorded respective annual growth of 8.1 %, 2.5% and 2.9% from January to July. 2022. Meanwhile, exports to mainland China fell 33.3% year-on-year to MOP 779 million, of which exports to the nine provinces of the Pan Pearl River Delta (MOP 722 million) fell fell 32.4%. Exports to Belt and Road countries (220 million MOP) increased by 18.0%, while exports to Portuguese-speaking countries (1 million MOP) fell by 72.1% . Exports of textiles and clothing rose 30.6% year-on-year to MOP 1.06 billion, while non-textile exports fell 4.0% to MOP 6.71 billion.

By place of origin, imports of goods from the EU (26.93 billion MOP) and mainland China (23.74 billion MOP) in the first seven months of 2022 decreased by 3. 1% and 19.8% respectively year over year. Imports from Belt and Road countries (MOP 14.26 billion) fell by 1.7%, while imports from Portuguese-speaking countries (MOP 517 million) increased by 33.3%. Analyzed by place of shipment, imports of goods from Hong Kong (66.08 billion MOP) fell by 13.6% year-on-year. Imports from mainland China increased by 0.8% to MOP 9.55 billion, with imports from the nine provinces of the Pan Pearl River Delta (MOP 9.37 billion) increasing by 1.4 %. Imports of consumer goods fell by 8.9% to MOP 57.05 billion, including imports of beauty, cosmetics and skin care products (MOP 11.58 billion) and watches (5. MOP 59 billion) decreased by 17.4% and 24.0% respectively; however, imports of food and beverages (9.89 billion MOP) increased by 23.8%. Imports of fuels and lubricants (3.57 billion MOP) increased by 5.2%, while imports of mobile phones (7.04 billion MOP) and building materials (1.63 billion MOP) fell 43.1% and 8.6% respectively.

Foreign trade in goods totaled MOP 86.16 billion from January to July 2022, down 10.9% from MOP 96.67 billion a year earlier.