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Macau imports more gold jewellery than food and drink between January and August

Macau imported more gold jewellery than food and drink in the period between January and August, with values of 6.187 billion patacas and 6.186 billion patacas, respectively the region’s Statistics and Census Bureau (DSEC) said.

In this eight-month period, gold jewellery imports rose by 32 percent whilst food and drink imports rose just 11 percent, DSEC said.

The third largest category of imports was fuel and lubricants, accounting for 5.443 billion patacas, and the following three categories were wrist watches (3.975 billion patacas), mobile phones (3.621 million patacas) and bags and wallets (2.259 billion patacas).

From January to August Macau posted a trade deficit of 46.332 billion patacas (US$5.791 billion), an increase of 14 percent against the figure posted in the same period of 2012.

In the first eight months of the year Macau exported goods worth 6.052 billion patacas, which was a year-on-year increase of 12 percent, and imported goods worth 52.385 billion patacas, or 14 percent more year on year.

In August, exports from Macau totalled 719 million patacas, a year on year drop of 12 percent and imports rose 17 percent to 6.988 billion patacas, generating a trade deficit of 6.269 billion patacas.

In this month gold jewellery imports totalled 1.047 billion patacas, with year on year growth of 66 percent, whilst food and drink imports rose by just 19 percent to 839.5 million patacas, DSEC said. (macauhub)

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