Information from the Statistics and Census Service indicated that external merchandise trade totaled MOP105.20 billion in the first three quarters of 2024. The sum represents a drop of 8.4% compared to the same period last year (MOP114.88 billion).
The total value of merchandise exports grew by 5% year-on-year to MOP9.99 billion, of which the value of re-exports (MOP8.87 billion) increased by 6.2%. The value of domestic exports (MOP1.12 billion) decreased by 3.9%.
The total value of merchandise imports dropped by 9.6% year-on-year to MOP95.22 billion. The merchandise trade deficit totaled MOP85.23 billion in the first three quarters of 2024, down by MOP10.62 billion from MOP95.85 billion in the same period last year.
Analyzed by destination, merchandise exports to Hong Kong (MOP7.00 billion), the Belt and Road Countries (MOP570 million), and the EU (MOP166 million) expanded by 0.3%, 57.9%, and 39.9%, respectively year-on-year, whereas exports to mainland China (MOP594 million) and the USA (MOP230 million) dropped by 13.5% and 36.1% respectively.
Analyzed by commodity, exports of textiles and garments grew by 13.5% year-on-year to MOP1.17 billion, and exports of non-textiles went up by 4.0% to MOP8.82 billion. RM
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