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Macao Sees More Trade Surplus in First Quarter
The Macao Special Administrative Region (SAR) of China scored a trade surplus of 500 million patacas (US$62.5 million) in the first quarter of this year, the latest official statistics show.
The surplus soared by 656 percent over a year ago, according to the figures released by the Statistics and Census Services of the Macao SAR government.
In the three months, the area's export and import volumes were 4 billion patacas (US$500 million) and 3.5 billion patacas (US$437.5 million).
Textiles and garments remained the leading export items, accounting for 81.4 percent of all exports from January to March.
On the whole, exports to the United States and the European Union took up 44.7 percent and 32.5 percent respectively of the total export volumes. And those to China's inland areas and Hong Kong represented 16.8 percent.
Most imports came from the Asian-Pacific region. China's inland areas and Hong Kong supplied 55 percent of the total while goods from the United States and the European Union accounted for 15 percent.
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