External Merchandise Trade Statistics for September 2010

Information from the Statistics and Census Service (DSEC) indicated that the value of total merchandise export for September 2010 decreased by 28.7% year-on-year to MOP496 million, with value of domestic exports falling by 21.2% to MOP181 million and that of re-exports dropping by 32.4% to MOP314 million. The value of total merchandise import amounted to MOP3.87 billion, up by 15.0% year-on-year. A trade deficit of MOP3.38 billion was recorded for September 2010. In the third quarter of 2010, total value of merchandise export (MOP1.66 billion) dropped by 11.6% year-on-year, but that of merchandise import (MOP11.50 billion) rose by 18.5%, resulting in a trade deficit of MOP9.84 billion. In the first nine months of 2010, total value of merchandise export fell by 8.4% year-on-year to MOP5.29 billion, of which the value of domestic exports declined by 26.5%, but that of re-exports expanded by 4.4%; meanwhile, total value of merchandise import grew by 19.7% to MOP31.89 billion. The trade deficit from January to September 2010 widened by 27.5% year-on-year to MOP26.61 billion; the exports/imports ratio went down by 5.1 percentage points year-on-year to 16.6%. Analyzed by destination of exported goods, in the first nine months of 2010, value of merchandise export to Hong Kong (MOP2.26 billion) rose by 5.0% year-on-year and that to Mainland China (MOP844 million) remained unchanged; value of exports to the USA (MOP626 million) and the EU (MOP306 million) decreased substantially by 43.5% and 40.7% respectively. Exports of Textile & garment amounted to MOP1.24 billion, down by 39.6% year-on-year to account for 23.5% of the total merchandise export; however, value of Non-textile exports (MOP4.04 billion) grew by 8.9%, with that of Copper & articles thereof and Clocks & watches rising notably by 60.9% and 51.3% respectively. Regarding the country of origin of imported goods, in the first nine months of 2010, value of merchandise import from Mainland China (MOP9.91 billion) and the EU (MOP7.02 billion) expanded by 17.2% and 26.8% respectively year-on-year. The value of imports of Consumer goods rose by 36.4% year-on-year, with that of Motor cars & motorcycles growing significantly by 94.1%; nevertheless, the value of imports of Capital goods and Raw materials & semi-manufactures fell by 4.3% and 0.8% respectively. From January to September 2010, total value of merchandise import and export amounted to MOP37.18 billion, up by 14.7% compared with MOP32.41 billion in the first nine months of 2009.

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