External Merchandise Trade Statistics for March 2011

Information from the Statistics and Census Service (DSEC) indicated that the value of total merchandise export for March 2011 amounted to MOP613 million, down by 18.6% year-on-year, of which value of re-exports decreased by 26.1% to MOP410 million, but that of domestic exports increased by 2.1% to MOP203 million. Value of exports of Knitted or crocheted garment decreased by 33.5% year-on-year, while that of Textile fabrics rose substantially by 106.3%. Value of total merchandise import amounted to MOP4.80 billion in March 2011, up by 38.7% year-on-year. Value of imports of Capital goods surged by 74.7%, of which imports of Mobile phones soared continuously by 118.8%. Merchandise trade deficit amounted to MOP4.18 billion in March 2011. In the first quarter of 2011, total value of merchandise export decreased by 10.8% year-on-year to MOP1.63 billion, of which value of re-exports declined by 15.9%, but that of domestic exports rose slightly by 0.7%; meanwhile, total value of merchandise import rose by 34.2% to MOP13.19 billion. Merchandise trade deficit for the first quarter of 2011 widened by 44.4% to MOP11.56 billion; the exports/imports ratio dropped by 6.2 percentage points year-on-year to 12.3%. Value of merchandise export to Hong Kong (MOP734 million), Mainland China (MOP232 million) and the USA (MOP153 million) in the first quarter of 2011 decreased by 12.3%, 13.4% and 26.4% respectively year-on-year; however, exports to the EU (MOP98 million) increased by 2.7%. Exports of Jewellery (MOP114 million) decreased by 61.4%, but that of Tobacco & wine (MOP139 million) and Clocks & watches (MOP98 million) grew by 62.8% and 45.6% respectively; meanwhile, exports of Textile & garment declined by 11.5% to MOP337 million. In the first quarter of 2011, value of merchandise import from Mainland China (MOP3.86 billion) and the EU (MOP3.40 billion) expanded by 29.2% and 55.9% respectively year-on-year. Imports of Consumer goods soared by 36.5% to MOP8.08 billion, of which imports of Food & beverages (MOP1.98 billion), Gold jewellery (MOP1.07 billion) and Handbags & wallets (MOP682 million) increased by 34.0%, 35.9% and 98.6% respectively. Moreover, imports of Capital goods (MOP2.43 billion) registered year-on-year increase of 70.6%. In the first quarter of 2011, total value of merchandise import and export amounted to MOP14.82 billion, up by 27.2% compared with MOP11.65 billion from a year earlier.

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