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Macao Reports More Imports, Less Exports
The exports of China's Macao Special Administrative Region (SAR) went down 7 percent year-on-year to 6. 65 billion patacas (831.25 million US dollars) in the first five months of this year, according to the latest statistics.
In the meantime, the SAR imported 7.84 billion patacas (980 million dollars) of commodities, up 16.3 percent, figures released Friday by the Statistics and Census Services show.
The decrease of exports was mainly attributed to the weakening demand in the United States and the European Union, the major export markets for Macao, which received 71.6 percent of the SAR's total exports in the five-month period.
Statistics show that the imports of the U.S. and E.U. from Macao dropped 7.6 percent and 26.4 percent, respectively, in the five months.
Macao's exports of textile products and garments made up 79.4 percent of the total and fell by 10 percent on a year-on-year basis.
The imports of capital goods, consumption goods, fuel and lubricating oil rose by big margins, the figures show.
And more than half of Macao's imports were from China's inland and Hong Kong, according to the figures.
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