External merchandise trade statistics for November 2015

Information from the Statistics and Census Service (DSEC) indicated that total merchandise import for November 2015 decreased year-on-year for the fourth consecutive month, down by 17.4% to MOP6.67 billion. However, total merchandise export amounted to MOP868 million, up by 6.0% year-on-year; value of re-exports (MOP716 million) rose by 8.2%, with that of Electronic components soaring by 119.5%, but value of domestic exports (MOP151 million) declined by 3.4%. Merchandise trade deficit amounted to MOP5.80 billion. In the first eleven months of 2015, total value of merchandise export amounted to MOP9.79 billion, with the year-on-year growth slowing further to 9.6%; value of re-exports (MOP8.15 billion) increased by 14.6%, but that of domestic exports (MOP1.64 billion) decreased by 10.1%. Total value of merchandise import fell by 3.9% to MOP77.81 billion. Merchandise trade deficit widened to MOP68.02 billion for the first eleven months of 2015. Analysed by destination, merchandise export to Hong Kong (MOP5.83 billion) and Mainland China (MOP1.67 billion) in the first eleven months of 2015 increased by 11.3% and 19.3% year-on-year, while export to the EU (MOP203 million) and the USA (MOP184 million) decreased by 23.1% and 34.8% respectively. Exports of Non-textiles increased by 10.0% year-on-year to MOP9.03 billion, of which value of Clocks & watches (MOP1.16 billion) and Electronic components (MOP883 million) rose by 48.4% and 47.8% respectively, but that of Machines, apparatus & parts (MOP1.07 billion) dropped by 33.7%. Exports of Textiles & garments totalled MOP755 million, up by 5.4%. By country of origin, merchandise import from Mainland China (MOP29.19 billion) in the first eleven months of 2015 increased by 9.3% year-on-year, while import from the EU (MOP17.25 billion) fell by 13.1%. Imports of Consumer goods dropped by 8.4% to MOP46.40 billion, with imports of Gold jewellery (MOP6.51 billion) decreasing by 27.7%, but that of Food & beverages (MOP10.86 billion) increasing by 2.8%. Moreover, imports of Fuels & lubricants (MOP6.43 billion) and Construction materials (MOP2.91 billion) declined by 12.7% and 8.3% respectively. External merchandise trade reached MOP87.59 billion in the first eleven months of 2015, down by 2.6% compared with MOP89.89 billion a year earlier.