Information from the Statistics and Census Service (DSEC) indicated that total merchandise export for October 2011 amounted to MOP533 million, down by 5.4% year-on-year; value of domestic exports (MOP188 million) decreased by 20.9%, but that of re-exports (MOP345 million) increased by 5.9%. Total merchandise import grew by 47.1% year-on-year to MOP5.45 billion. Merchandise trade deficit amounted to MOP4.92 billion in October 2011. In the first ten months of 2011, total value of merchandise export decreased by 4.5% year-on-year to MOP5.59 billion, of which value of domestic exports and re-exports declined by 2.8% and 5.3% respectively; meanwhile, total value of merchandise import increased by 40.8% to MOP49.94 billion. Merchandise trade deficit for the first ten months of 2011 widened by 49.7% year-on-year to MOP44.35 billion; the exports/imports ratio dropped by 5.3 percentage points year-on-year to 11.2%. Merchandise export to Hong Kong (MOP2.42 billion), Mainland China (MOP893 million) and the USA (MOP459 million) in the first ten months of 2011 decreased by 3.7%, 3.9% and 33.2% respectively year-on-year. Exports of Textile & garment declined by 17.0% to MOP1.14 billion; meanwhile, exports of Clocks & watches (MOP217 million) and Diamond & diamond jewellery (MOP209 million) decreased by 30.9% and 64.3% respectively, but that of Tobacco & wine (MOP527 million) grew by 58.5%. In the first ten months of 2011, merchandise import from Mainland China (MOP15.25 billion) and the EU (MOP12.40 billion) expanded by 38.0% and 58.9% respectively year-on-year. Imports of Consumer goods rose by 46.3% to MOP30.68 billion, with imports of Food & beverages (MOP6.97 billion), Gold jewellery (MOP5.16 billion) and Handbags & wallets (MOP2.69 billion) increasing by 36.7%, 96.1% and 117.3% respectively. Moreover, imports of Capital goods (MOP8.70 billion) registered year-on-year increase of 59.6%. In the first ten months of 2011, total value of external merchandise trade amounted to MOP55.53 billion, up by 34.4% compared with MOP41.32 billion a year earlier.
