Macao Reports Less Exports, More Imports

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Last updated at: (Beijing Time) Wednesday, December 19, 2001

Macao Reports Less Exports, More Imports

The exports of China's Macao Special Administrative Region (SAR) went down 9.2 percent year-on- year to 15.22 billion patacas (1.9 billion U.S. dollars) in the first ten months of this year, according to the latest official statistics.

In the meantime, the SAR imported 15.99 billion patacas (2 billion dollars) of commodities, representing an increase of 8 percent, figures released by the Statistics and Census Services show Wednesday.

The decrease of exports was mainly caused by the weakening demand in the United States and the European Union, the major export markets for Macao, which received 74.8 percent of the SAR's total exports in the ten-month period.

Statistics show that Macao's exports to the U.S. and the E.U. dropped 9.1 percent and 15.1 percent, respectively from January to October.

The exports of textile products and clothing made up 83.9 percent of the total and fell by 7.9 percent on an annual basis.

The imports of capital goods, consumption goods, fuel and lubricating oil rose by big margins in the ten months, statistics show.

And more than half of Macao's imports were from China's inland and Hong Kong, according to the figures.

Macao's Exports Down in January-July