External Merchandise Trade Statistics for September 2022

Sourch：DSEC

Information from the Statistics and Census Service (DSEC) indicated that total merchandise export amounted to MOP1.00 billion in September 2022, up by 2.8% year-on-year. Value of re-exports (MOP861 million) grew by 11.1%, of which re-exports of Articles for casino jumped by 508.3% while those of Diamond & diamond jewellery fell by 55.4%. Value of domestic exports (MOP139 million) dropped by 29.7%, of which domestic exports of Garments declined by 55.6% while those of Copper & articles thereof expanded by 50.2%. Meanwhile, total merchandise import went up by 6.7% year-on-year to MOP12.73 billion; imports of Food & beverages, Mobile phones and Gold jewellery increased by 54.4%, 46.7% and 41.7% respectively, whereas imports of Articles for casino, Beauty, cosmetic & skincare products and Garments & footwear dropped by 78.4%, 16.4% and 11.9% respectively. Merchandise trade deficit in September 2022 totalled MOP11.73 billion.

In the third quarter of 2022, total value of merchandise export (MOP2.96 billion) and merchandise import (MOP28.50 billion) fell by 6.2% and 27.7% respectively year-on-year, resulting in a trade deficit of MOP25.54 billion.

From January to September this year, total value of merchandise export increased by 3.0% year-on-year to MOP10.13 billion, of which value of re-exports (MOP8.61 billion) and domestic exports (MOP1.52 billion) went up by 2.8% and 4.0% respectively. Total value of merchandise import dropped by 9.4% year-on-year to MOP102.37 billion. Merchandise trade deficit totalled MOP92.24 billion for the first nine months of 2022, down by MOP10.93 billion from MOP103.17 billion a year earlier.

Analysed by destination, merchandise export to Hong Kong (MOP7.79 billion) grew by 14.4% year-on-year from January to September 2022, whereas exports to the USA (MOP498 million) and the EU (MOP142 million) decreased by 2.2% and 0.6% respectively. Exports to mainland China fell by 36.6% year-on-year to MOP965 million, of which exports to the Nine Provinces of the Pan Pearl River Delta (MOP894 million) shrank by 34.8%. Meanwhile, exports to the Belt and Road Countries (MOP299 million) expanded by 23.7%, while exports to the Portuguese-speaking Countries (MOP1 million) slid by 77.6%. Exports of Textiles & garments went up by 23.2% year-on-year to MOP1.43 billion while exports of Non-textiles rose by 0.3% to MOP8.70 billion.

By place of origin, merchandise import from the EU (MOP34.36 billion) and mainland China (MOP30.74 billion) in the first nine months of 2022 decreased by 3.9% and 15.8% respectively year-on-year. In contrast, imports from the Belt and Road Countries (MOP18.81 billion) and the Portuguese-speaking Countries (MOP757 million) increased by 1.6% and 45.1% respectively. Analysed by place of consignment, merchandise import from Hong Kong (MOP86.33 billion) fell by 11.0% year-on-year. Meanwhile, imports from mainland China grew by 2.6% to MOP12.55 billion, with imports from the Nine Provinces of the Pan Pearl River Delta (MOP12.30 billion) rising by 3.0%. Imports of Consumer goods went down by 6.9% to MOP75.12 billion, of which imports of Beauty, cosmetic & skincare products (MOP14.92 billion), Garments & Footwear (MOP9.33 billion) and Watches (MOP7.41 billion) declined by 19.3%, 7.9% and 18.9% respectively; on the other hand, imports of Food & beverages (MOP13.67 billion) rose by 28.3%. Imports of Fuels & lubricants (MOP4.73 billion) went up by 3.5%, whereas imports of Mobile phones (MOP8.29 billion) and Construction materials (MOP2.12 billion) dipped by 41.3% and 7.6% respectively.

External merchandise trade totalled MOP112.51 billion from January to September 2022, down by 8.4% compared with MOP122.85 billion a year earlier.