Macau's Dec. Trade Deficit Widens

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Macau's trade deficit widened to MOP 2.94 billion in December from MOP 2.78 billion in November, the Statistics and Census Service reported on Tuesday. A year ago, the trade deficit was MOP 2.36 billion.

Exports value dropped 25.5% year-on-year to MOP 680 million in December. The value of domestic exports declined 60.2% to MOP 200 million and that of re-exports rose 17.1% to MOP 480 million. On the other hand, total imports value increased 10.6% to MOP 3.62 billion in December.

For the whole year of 2009, the total value of merchandise exports slipped 52.1% from the previous year, while merchandise imports fell 14.2%. Thus, the trade deficit amounted to MOP 29.23 billion, widening from MOP 27.01 billion deficit in 2008.

In the fourth quarter, the value of total exports plunged 39.5% on an annual basis, while imports value remained unchanged. During the period, the trade deficit was MOP 8.36 billion.

Macau's trade deficit widened to MOP 2.94 billion in December from MOP 2.78 billion in November, the Statistics and Census Service reported on Tuesday. A year ago, the trade deficit was MOP 2.36 billion. (Market News Provided by RTTNews)