External merchandise trade statistics for July 2021

Information from the Statistics and Census Service (DSEC) indicated that total merchandise export amounted to MOP1.12 billion in July 2021, up by 5.2% year-on-year. Value of re-exports (MOP943 million) grew by 3.7%, with that of Machines, apparatus & parts and Watches rising by 67.4% and 20.7% respectively. Moreover, value of domestic exports (MOP176 million) rose by 13.6%, with that of Bread, pastry, cakes, biscuits & other bakers’ wares and Copper & articles thereof surging by 180.4% and 60.0% respectively. Total merchandise import soared by 111.7% year-on-year to MOP15.39 billion, of which imports of Mobile phones, Gold jewellery, Watches and Handbags & wallets swelled by 653.8%, 536.6%, 311.0% and 247.9% respectively; in contrast, imports of Other textile made-up articles and Articles for casino declined by 48.2% and 34.8% respectively. Merchandise trade deficit in July 2021 totalled MOP14.27 billion.

From January to July this year, total value of merchandise export increased by 29.5% year-on-year to MOP7.83 billion, of which value of re-exports (MOP6.73 billion) and domestic exports (MOP1.09 billion) went up by 29.8% and 27.9% respectively. Total value of merchandise import expanded by 143.6% year-on-year to MOP89.22 billion. Merchandise trade deficit totalled MOP81.39 billion for the first seven months of 2021, up by MOP50.80 billion from MOP30.59 billion a year earlier.

Analysed by destination, merchandise export to mainland China from January to July 2021 rose by 23.1% year-on-year to MOP1.17 billion, of which exports to the Nine Provinces of the Pan Pearl River Delta (MOP1.07 billion) increased by 22.8%. Exports to Hong Kong (MOP5.48 billion) and the USA (MOP385 million) grew by 33.6% and 33.4% respectively year-on-year, whereas exports to the EU (MOP110 million) dropped by 4.6%. Exports to the Belt and Road Countries (MOP186 million) rose by 2.8%, while exports to the Portuguese-speaking Countries (MOP4 million) declined by 60.6%. Exports of Textiles & garments slid by 14.3% year-on-year to MOP815 million, while exports of Non-textiles went up by 37.7% to MOP7.01 billion.

By place of origin, merchandise import from mainland China (MOP29.65 billion) and the EU (MOP27.82 billion) in the first seven months of 2021 surged by 127.3% and 188.7% respectively year-on-year. Imports from the Belt and Road Countries (MOP14.52 billion) leapt by 114.2%, while imports from the Portuguese-speaking Countries (MOP388 million) fell by 3.5%. Analysed by place of consignment, merchandise import from Hong Kong (MOP76.83 billion) showed an upsurge of 173.4% year-on-year. Imports from mainland China expanded by 39.5% to MOP9.46 billion, with imports from the Nine Provinces of the Pan Pearl River Delta (MOP9.24 billion) rising by 38.5%. Imports of Consumer goods jumped by 161.6% to MOP62.97 billion, of which imports of Beauty, cosmetic & skincare products (MOP14.02 billion), Watches (MOP7.51 billion), Handbags & wallets (MOP6.51 billion) and Gold jewellery (MOP5.98 billion) ballooned by 254.5%, 360.3%, 276.3% and 436.9% respectively. Besides, imports of Mobile phones (MOP12.37 billion) shot up by 800.1%. Imports of Fuels & lubricants (MOP3.39 billion) and Construction materials (MOP1.77 billion) registered respective growth of 10.3% and 71.7%.

External merchandise trade totalled MOP97.04 billion from January to July 2021, up by 127.4% compared with MOP42.67 billion a year earlier.

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