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External Merchandise Trade Statistics for September 2020

Source:DSEC

Information from the Statistics and Census Service (DSEC) indicated that total merchandise import expanded by 42.4% year-on-year to MOP10.65 billion in September 2020, of which imports of Beauty, cosmetic & skincare products, Perfumes and Handbags & wallets soared by 532.5%, 206.1% and 47.6% respectively, but those of Articles for casino, Gold jewellery and Fuels & lubricants declined by 88.6%, 48.4% and 33.0% respectively. Total merchandise export amounted to MOP928 million, down by 9.1% year-on-year. Value of re-exports (MOP756 million) went down by 14.4%, with that of Articles for casino falling by 84.4%. Meanwhile, value of domestic exports (MOP172 million) grew by 24.9%, with that of Pharmaceutical products & organic chemicals surging by 107.7%. Merchandise trade deficit in September totalled MOP9.72 billion.

In the third quarter of 2020, total value of merchandise import (MOP26.55 billion) rose by 20.7% year-on-year, but that of merchandise export (MOP2.89 billion) dropped by 3.4%, resulting in a trade deficit of MOP23.66 billion.

From January to September this year, total value of merchandise export decreased by 16.2% year-on-year to MOP7.87 billion, of which value of re-exports (MOP6.73 billion) dropped by 19.1% but that of domestic exports (MOP1.14 billion) grew by 6.9%. Total value of merchandise import declined by 12.4% year-on-year to MOP56.00 billion. Merchandise trade deficit totalled MOP48.12 billion for the first nine months of 2020, down by MOP6.40 billion from MOP54.52 billion a year earlier.

Analysed by destination, merchandise export to Hong Kong (MOP5.37 billion) and the EU (MOP138 million) from January to September 2020 declined by 11.4% and 3.3% respectively year-on-year. On the other hand, exports to mainland China rose by 3.7% to MOP1.23 billion, of which exports to the Nine Provinces of the Pan Pearl River Delta (MOP1.14 billion) grew by 0.3%. Exports to the USA (MOP417 million) jumped by 130.5% year-on-year. Exports to the Belt and Road Countries (MOP221 million) increased by 20.5% and exports to the Portuguese-speaking Countries (MOP10 million) rocketed by 740.8%. Exports of Textiles & garments expanded by 64.2% year-on-year to MOP1.24 billion, while exports of Non-textiles went down by 23.2% to MOP6.63 billion.

By place of origin, merchandise import from mainland China (MOP18.03 billion) and the EU (MOP15.41 billion) decreased by 16.5% and 11.4% respectively year-on-year in the first nine months of 2020. Besides, imports from the Belt and Road Countries (MOP9.28 billion) and the Portuguese-speaking Countries (MOP514 million) reduced by 14.0% and 19.3% respectively. Analysed by place of consignment, merchandise import from mainland China slid by 15.0% year-on-year to MOP9.01 billion, of which imports from the Nine Provinces of the Pan Pearl River Delta (MOP8.86 billion) fell by 14.1%. Imports of Consumer goods went down by 12.2% to MOP39.11 billion, with imports of Watches (MOP2.56 billion) and Gold jewellery (MOP1.60 billion) dropping by 48.0% and 64.1% respectively; meanwhile, imports of Beauty, cosmetic & skincare products (MOP9.88 billion) surged by 117.5%. Imports of Fuels & lubricants (MOP3.98 billion) and Mobile phones (MOP1.99 billion) declined by 27.3% and 35.1% respectively, whereas imports of Construction materials (MOP1.34 billion) rose by 12.2%.

External merchandise trade totalled MOP63.87 billion from January to September 2020, down by 12.9% compared with MOP73.31 billion a year earlier.

Related Information: External Merchandise Trade Statistics for September 2020