Exports to the Belt and Road Countries double in H1

External merchandise trade totaled MOP70.70 billion in the first half of 2024, down by 9% compared to the same period last year (MOP77.69 billion), according to data from the Statistics and Census Service (DSEC). The total value of merchandise exports grew by 4% year-on-year to MOP6.62 billion, of which value of re-exports (MOP5.89 billion) increased by 4.5%, while value of domestic exports (MOP728 million) decreased by 0.2%. Analyzed by destination, merchandise exports to the Belt and Road Countries (MOP469 million), mainland China (MOP407 million) and the EU (MOP116 million) expanded respectively by 101.8%, 2.7%, and 67.1% year-on-year in the first half of 2024.