Beauty, cosmetic and skincare products category led the hike in imports to the MSAR by 57% from the figure registered in November last year.
The personal care products were accountable for a near-fourfold (381%) soar year-on-year on the imports when compared to the same month on 2019, followed by the Perfumes, which also registered an import growth of about 182%, figures released by the Statistics and Census Bureau (DSEC) show.
In the opposite direction were the articles for the casino industry as well as Fuels and Lubricants, which registered drops year-on-year of 65% and 36%, respectively.
In total, the amount of imports to Macau soared to a total of MOP13.4 billion.
At the same time, total exports registered a year-on-year drop of 16% (MOP957 million) with the value of re-exports (MOP810 million) falling even further (17%) led by a drop of 83% of Articles for the casino.
Still, November 2020 was not an exceptional month for local exports, since results from the first 11 months of 2020 show that the total value of merchandise exported decreased by 18% year-on-year to MOP9.6 billion, of which the value of re-exports (MOP8.21 billion) dropped 21%.
Despite the significant hike of imports in November, the total value of merchandise imported in the period between January and November dipped by 0.5% year-on-year to MOP80.80 billion.
According to the analysis of the DSEC, the fall in exports was mostly due to the reduction in exports to Hong Kong (MOP6.58 billion) and the European Union (MOP167 million), which reduced by 12% and 5%, respectively, during the first 11 month of last year.
Opposing this trend were exports to Portuguese-speaking countries (MOP11 million), which leapt by 765%, followed by the exports to the U.S., which also doubled in the same period.
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