External Merchandise Trade Statistics for November 2013

Information from the Statistics and Census Service (DSEC) indicated that total merchandise export for November 2013 amounted to MOP746 million, up by 8% year-on-year; value of re-exports (MOP592 million) rose by 15%, but that of domestic exports (MOP154 million) declined by 13%. Total merchandise import grew by 17% year-on-year to MOP7.50 billion, a monthly record high since the statistics were first compiled, of which imports of Gold jewellery and Watches increased by 31% and 48%. Merchandise trade deficit amounted to MOP6.75 billion for November 2013. In the first eleven months of 2013, total value of merchandise export increased by 9% year-on-year to MOP8.18 billion, of which value of re-exports (MOP6.36 billion) increased by 18%, but that of domestic exports (MOP1.82 billion) decreased by 13%. Total value of merchandise import grew by 14% to MOP73.04 billion. Merchandise trade deficit widened to MOP64.86 billion for the first eleven months of 2013. Analysed by destination, merchandise export to Hong Kong (MOP4.31 billion) and Mainland China (MOP1.48 billion) in the first eleven months of 2013 increased by 14% and 20% respectively year-on-year, while export to the USA (MOP330 million) and the EU (MOP253 million) decreased by 30% and 11% respectively. In addition, exports of Non-textiles (MOP7.40 billion) expanded by 14% year-on-year, of which exports of Electronic components (MOP903 million) and Diamond & diamond jewellery (MOP505 million) surged by 64% and 166% respectively. Exports of Textiles & garments (MOP779 million) decreased by 20%, of which exports of Knitted or crocheted garments (MOP266 million) declined by 30%. By country of origin, merchandise import from Mainland China (MOP23.80 billion) and the EU (MOP16.95 billion) increased by 13% and 12% respectively year-on-year in the first eleven months of 2013. Imports of Consumer goods rose by 18% to MOP46.53 billion, with imports of Gold jewellery (MOP8.67 billion), Watches (MOP5.64 billion) and Beauty, cosmetic & skin-care products (MOP2.46 billion) increasing by 27%, 22% and 70% respectively. Imports of Construction materials (MOP2.49 billion) grew by 48%. External merchandise trade reached MOP81.21 billion in the first eleven months of 2013, up by 13% compared with MOP71.78 billion a year earlier.