Macao's merchandise export down by 5.3 pct in August

The total merchandise export from Macao amounted to 879.00 million patacas (about 110.13 million U.S. dollars), down by 5.3 percent year-on-year, the special administrative region (SAR)'s statistic department said here on Wednesday.

The latest report from the Statistics and Census Service (DSEC) indicated that the value of domestic exports dropped by 13.9 percent to 113.00 million patacas (about 14.16 million dollars), with that of tobacco falling by 83.2 percent.

Meanwhile, the value of re-exports went down by 3.8 percent to 767.00 million patacas (about 96.09 million dollars), with that of beauty, cosmetic and skincare products decreasing by 66.6 percent.

From January to August 2020, the total value of merchandise export decreased by 17.2 percent year-on-year to 6.93 billion patacas (about 868.22 million dollars).

The value of re-exports dropped by 19.9 percent to 5.96 billion patacas (about 746.70 million dollars), but that of domestic exports grew by 3.9 percent to 965.00 million patacas (about 120.90 million dollars).

Analyzed by destination, merchandise export to Hong Kong SAR and the European Union from January to August 2020 declined by 12.9 percent and 9.4 percent respectively year-on-year to 4.74 billion patacas (about 593.85 million dollars) and 121.00 million patacas (about 15.16 million dollars).

Exports to the mainland increased by 2.9 percent to 1.09 billion patacas (about 136.56 million dollars). Meanwhile, exports to the U.S. jumped by 141.3 percent year-on-year to 340.00 million patacas (about 42.60 million dollars).

Exports of textiles and garments grew by 66.7 percent year-on-year to 1.08 billion patacas (about 135.31 million dollars), while exports of non-textiles went down by 24.3 percent to 5.85 billion patacas (about 732.91 million dollars).