Foreign trade statistics for May 2022

MACAO, June 29 – Information from the Statistics and Census Service (DSEC) indicates that total merchandise exports stood at MOP 1.14 billion in May 2022, up 16.2% year-on-year the other. The value of re-exports (MOP 978 million) increased by 20.3%, of which re-exports of diamond and diamond clothing and jewelry jumped by 234.3% and 97.1% respectively, while those of diamond jewelry non-diamond decreased by 61.6%. The value of national exports (165 million MOP) fell by 3.1%, of which the national exports of garments fell by 30.9% while those of copper and copper articles increased by 14.7% . Meanwhile, total merchandise imports fell by 22.5% year-on-year to MOP 12.05 billion; imports of mobile phones, beauty, cosmetics and skin care products and watches fell by 69.9%, 34.2% and 25.0% respectively, while imports of food and beverages and electronic components increased by 41.2% and 19.3% respectively. The merchandise trade deficit in May 2022 stood at MOP 10.90 billion.

From January to May this year, the total value of merchandise exports increased by 13.1% year-on-year to MOP 6.21 billion, including the value of re-exports (MOP 5.31 billion) and exports (901 million MOP) increased by 12.0% and 20.2% respectively. The total value of merchandise imports increased by 8.4% year-on-year to MOP 63.57 billion. The merchandise trade deficit stood at MOP 57.35 billion for the first five months of 2022, up MOP 4.22 billion from MOP 53.13 billion a year earlier.

Analyzed by destination, merchandise exports to Hong Kong (4.83 billion MOP), the United States (275 million MOP) and the EU (94 million MOP) recorded respective annual growth of 23.0 %, 3.1% and 26.3% from January to May. 2022. Meanwhile, exports to mainland China fell 26.5% year-on-year to MOP 550 million, of which exports to the nine provinces of the Pan Pearl River Delta (MOP 506 million) fell fell 27.0%. Exports to Belt and Road countries (181 million MOP) and Portuguese-speaking countries (850,000 MOP) increased by 35.7% and 103.4% respectively. Exports of textiles and garments rose 52.9% year-on-year to MOP 839 million, while non-textile exports rose 8.7% to MOP 5.37 billion.

By place of origin, imports of goods from the EU (22.49 billion MOP), Belt and Road countries (11.37 billion MOP) and Portuguese-speaking countries (372 million MOP) increased by 21.9%, 12.4% and 35.0% respectively year-on-year in the first five months of 2022. In contrast, imports from mainland China (18. 58 billion MOP) fell by 5.9%. Analyzed by place of shipment, imports of goods from Hong Kong (54.96 billion MOP) increased by 10.2% year-on-year. Imports from mainland China increased by 0.3% to MOP 6.55 billion, with imports from the nine provinces of the Pan Pearl River Delta (MOP 6.41 billion) increasing by 0.4 %. Imports of consumer goods increased by 12.8% to reach MOP 46.79 billion, including imports of beauty, cosmetics and skincare products (MOP 10.32 billion), food and beverages (7.44 billion MOP) and handbags and wallets (5.17 billion MOP) increased by 23.5%, 38.8% and 15.8% respectively. Imports of fuels and lubricants (2.42 billion MOP) increased by 8.5%, while imports of mobile phones (6.48 billion MOP) and building materials (1.21 billion MOP) fell 16.1% and 7.5% respectively.

Foreign trade in goods totaled MOP 69.78 billion from January to May 2022, up 8.8% from MOP 64.12 billion a year earlier.