External Merchandise Trade Statistics for November 2010

Information from the Statistics and Census Service (DSEC) indicated that the value of total merchandise export for November 2010 decreased by 10.8% year-on-year to MOP565 million, with value of domestic exports falling by 3.5% to MOP188 million and that of re-exports dropping by 14.0% to MOP377 million. The value of total merchandise import amounted to MOP4.06 billion, up by 17.9% year-on-year. A trade deficit of MOP3.50 billion was recorded for November 2010. In the first eleven months of 2010, total value of merchandise export fell by 8.2% year-on-year to MOP6.42 billion, of which the value of domestic exports declined by 21.1%, but that of re-exports rose slightly by 0.3%; meanwhile, total value of merchandise import grew by 18.9% to MOP39.57 billion. The trade deficit from January to November 2010 widened by 26.1% year-on-year to MOP33.15 billion; the exports/imports ratio went down by 4.8 percentage points year-on-year to 16.2%. Analyzed by destination of exported goods, value of merchandise export to Hong Kong (MOP2.78 billion) and Mainland China (MOP1.03 billion) in the first eleven months of 2010 increased by 2.8% and 2.3% respectively year-on-year, while that to the USA (MOP731 million) and the EU (MOP365 million) decreased substantially by 41.4% and 38.0% respectively. Exports of Textile & garment amounted to MOP1.50 billion, down by 35.9% year-on-year to account for 23.3% of the total merchandise export; however, value of Non-textile exports (MOP4.92 billion) grew by 5.7%, with that of Copper & articles thereof and Tobacco & wine rising notably by 47.2% and 33.4% respectively. Regarding the country of origin of imported goods, in the first eleven months of 2010, value of merchandise import from Mainland China (MOP12.35 billion) and the EU (MOP8.75 billion) expanded by 17.7% and 25.0% respectively year-on-year. The value of imports of Consumer goods rose by 33.1% year-on-year, with that of Motor cars & motorcycles growing significantly by 74.5%; nevertheless, the value of imports of Raw materials & semi-manufactures fell by 1.0%. From January to November 2010, total value of merchandise import and export amounted to MOP46.0 billion, up by 14.2% compared with MOP40.28 billion in the first eleven months of 2009.