Imports reach record high of MOP81b in 2013

2014-2-6

From：Macau Daily Times

Total merchandise imports reached MOP8.15 billion in the fourth quarter of 2013, up by 23% year-on-year, of which imports of gold jewelry and watches surged by 95% and 78% respectively, according to information from the Statistics and Census Service (DSEC). Additionally, the total merchandise exports for December 2013 amounted to MOP920 million, up by 35% year-on-year.
During Q4, the total value of merchandise exports (MOP2.36 billion) and merchandise imports (MOP22.66 billion) increased by 18% and 20% respectively year-on-year, resulting in a trade deficit of MOP20.29 billion.
For the whole of 2013, the total value of merchandise imports was up by 14% year-
on-year to a record high of MOP81.01 billion. The total value of merchandise exports increased by 11% year-on-
year to MOP9.09 billion; the value of domestic exports (MOP2.01 billion) shrank by 12% year-on-year, whereas the value of re-exports (MOP7.08 billion) increased by 21%, with its share in total merchandise exports rising to 78%. The merchandise trade deficit was MOP71.92 billion in 2013.
Analyzed by destination, merchandise imports from mainland China (MOP26.41 billion) and the European Union (MOP18.79 billion) in 2013 increased by 14% and 13% respectively year-on-year. Imports of consumer goods rose by 19% to MOP51.65 billion, with imported gold jewelry (MOP9.67 billion), watches (MOP6.50 billion) and beauty, cosmetic and skin-care products (MOP2.68 billion) increasing by 31%, 26% and 66% respectively.
By country of origin, merchandise exports to Hong Kong (MOP4.86 billion) and mainland China (MOP1.61 billion) increased in 2013 by 19% and 17% respectively year-on-year, while exports to the USA (MOP365 million) and the European Union (MOP281 million) decreased by 28% and 11% respectively.
In addition, exports of non-textiles (MOP8.25 billion) in 2013 expanded by 16% year-
on-year, of which exports of electronic components (MOP962 million) and diamonds and diamond jewelry (MOP510 million) surged by 53% and 155% respectively. Exports of textiles & garments (MOP847 million) decreased by 20%, of which exports of knitted or crocheted garments (MOP293 million) declined by 29%.
External merchandise trade reached MOP90.11 billion in 2013, up by 14% compared with MOP79.09 billion in 2012.

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