Information from the Statistics and Census Service (DSEC) indicated that the value of total merchandise export for July 2010 decreased by 3.4% year-on-year to MOP609 million, with value of domestic exports falling by 2.8% to MOP249 million and that of re-exports dropping by 3.9% to MOP361 million. The value of total merchandise import amounted to MOP3.83 billion, up by 19.4% year-on-year. A trade deficit of MOP3.22 billion was recorded for July 2010. In the first seven months of 2010, total value of merchandise export fell by 6.5% year-on-year to MOP4.23 billion, of which the value of domestic exports declined by 29.2%, but that of re-exports expanded by 10.4%; meanwhile, total value of merchandise import grew by 20.5% to MOP24.29 billion. The trade deficit from January to July 2010 widened by 28.4% year-on-year to MOP20.05 billion; the exports/imports ratio went down by 5.1 percentage points year-on-year to 17.4%. Analyzed by destination of exports, value of merchandise export to Hong Kong (MOP1.85 billion) and Mainland China (MOP680 million) in the first seven months of 2010 increased by 15.1% and 0.3% respectively year-on-year, while that to the USA (MOP500 million) and the EU (MOP248 million) decreased substantially by 45.2% and 42.9% respectively. Exports of Textile & garment amounted to MOP964 million, down by 43.5% year-on-year to account for 22.8% of the total merchandise export; however, value of Non-textile exports (MOP3.27 billion) grew by 15.8%, with that of Copper & articles thereof and Clocks & watches rising notably by 88.9% and 70.4% respectively. Regarding the country of origin of imported goods, in the first seven months of 2010, value of merchandise import from Mainland China (MOP7.51 billion) and the EU (MOP5.30 billion) expanded by 19.9% and 24.4% respectively year-on-year. The value of imports of Consumer goods rose by 40.1% year-on-year, with that of Motor cars & motorcycles growing significantly by 109.0%; nevertheless, the value of imports of Capital goods and Raw materials & semi-manufactures fell by 11.1% and 1.3% respectively. From January to July 2010, total value of merchandise import and export amounted to MOP28.52 billion, up by 15.6% compared with MOP24.68 billion in the first seven months of 2009.
