External Merchandise Trade Statistics for September 2023
Source：DSEC
Information from the Statistics and Census Service (DSEC) indicated that total merchandise export amounted to MOP1.16 billion in September 2023, up by 16.5% year-on-year. Value of re-exports (MOP1.01 billion) grew by 17.8%, of which re-exports of Diamond & diamond jewellery and Perfumes jumped by 357.8% and 292.0% respectively, while those of Machines, apparatus & parts and Wine declined by 55.2% and 53.5% respectively. Value of domestic exports (MOP150 million) increased by 8.1%, of which domestic exports of Pharmaceutical products & organic chemicals and Garments expanded by 64.5% and 56.6% respectively, while those of Copper & articles thereof dropped by 48.7%. Meanwhile, total merchandise import went down by 6.9% year-on-year to MOP11.86 billion; imports of Perfumes, Mobile phones and Beauty, cosmetic & skincare products reduced by 52.8%, 42.6% and 38.5% respectively, whereas imports of Articles for casino and Gold jewellery showed respective growth of 546.7% and 30.1%. Merchandise trade deficit totalled MOP10.70 billion in September.
In the third quarter of 2023, total value of merchandise export (MOP3.15 billion) and merchandise import (MOP34.29 billion) rose by 6.4% and 20.3% respectively year-on-year, resulting in a trade deficit of MOP31.14 billion.
From January to September this year, total value of merchandise export dropped by 6.1% year-on-year to MOP9.51 billion, of which value of re-exports (MOP8.35 billion) and domestic exports (MOP1.17 billion) fell by 3.1% and 23.4% respectively. Total value of merchandise import grew by 3.5% year-on-year to MOP105.80 billion. Merchandise trade deficit totalled MOP96.28 billion in the first nine months, up by MOP4.18 billion from MOP92.10 billion a year earlier.
Analysed by destination, merchandise export to mainland China (MOP688 million), Hong Kong (MOP6.98 billion), the USA (MOP360 million) and the EU (MOP119 million) declined by 28.7%, 10.4%, 27.7% and 16.7% respectively year-on-year in the first nine months of 2023. Meanwhile, exports to the Portuguese-speaking Countries (MOP662 thousand) slid by 51.1%, while exports to the Belt and Road Countries (MOP361 million) rose by 20.8%. Exports of Textiles & garments went down by 28.0% year-on-year to MOP1.03 billion, and exports of Non-textiles dipped by 2.5% to MOP8.48 billion.
By place of origin, merchandise import from the EU (MOP33.93 billion) and mainland China (MOP29.30 billion) reduced by 1.1% and 4.7% respectively year-on-year in the first nine months, while those from the Belt and Road Countries (MOP23.48 billion) and the Portuguese-speaking Countries (MOP1.08 billion) rose by 25.0% and 42.7% respectively. Analysed by place of consignment, merchandise import from Hong Kong (MOP85.92 billion) fell by 0.3% year-on-year, whereas imports from mainland China (MOP15.18 billion) grew by 20.9%. Imports of Consumer goods went up by 7.5% to MOP80.61 billion, of which imports of Food & beverages (MOP18.17 billion) and Gold jewellery (MOP10.83 billion) expanded by 32.9% and 55.2% respectively; meanwhile, imports of Beauty, cosmetic & skincare products (MOP9.83 billion) shrank by 34.1%. Imports of Fuels & lubricants (MOP5.31 billion) and Construction materials (MOP2.25 billion) grew by 12.2% and 6.0% respectively, whereas imports of Mobile phones (MOP3.65 billion) slid by 56.1%.
External merchandise trade totalled MOP115.31 billion from January to September 2023, up by 2.6% compared with MOP112.37 billion a year earlier.
