The Statistics and Census Service (DSEC) has indicated that total merchandise exports for November 2014 amounted to MOP827 million, up 11per cent year-on-year; the value of re-exports (MOP671 million) and domestic exports (MOP156 million) rose by 13per cent and 1per cent, respectively. Merchandise imports totalled MOP8.11 billion, up 9per cent year-on-year, while the merchandise trade deficit amounted to MOP7.28 billion. In the first eleven months of 2014, the total value of merchandise export increased by 10 per cent year-on-year to MOP8.95 billion, of which the value of re-exports (MOP7.14 billion) increased by 12 per cent, while that of domestic exports (MOP1.82 billion) held stable as in the same period of 2013. The total value of merchandise imports grew by 11per cent to MOP81.10 billion. The merchandise trade deficit widened to MOP72.14 billion. Analysed by destination, merchandise exports to Hong Kong (MOP5.25 billion) and the EU (MOP263 million) in the first eleven months of 2014 increased by 22 per cent and 4 per cent year-on-year, while exports to Mainland China (MOP1.41 billion) and the USA (MOP282 million) decreased by 5 per cent and 15 per cent, respectively. Exports of non-textiles increased by 11 per cent year-on-year to MOP8.24 billion, of which the value of machines, apparatus & parts (MOP1.61 billion) and clocks & watches (MOP779 million) rose by 36 per cent and 75 per cent, respectively, but that of electronic components (MOP597 million) dropped by 34 per cent. Exports of textiles & garments totalled MOP713 million, down 8 per cent. Also, in November 2014 alone exports of clocks & watches amounted to MOP71.2 million, rising 171 per cent compared to the same period the previous year and stood as the category that gained the biggest momentum. By country of origin, merchandise imports from Mainland China (MOP26.70 billion) and the EU (MOP19.87 billion) increased by 12 per cent and 18 per cent year-on-year in the first eleven months of 2014. Imports of consumer goods rose by 10 per cent to MOP50.81 billion, with imports of food & beverages (MOP10.57 billion) and watches (MOP7.38 billion) increasing by 22 per cent and 33 per cent, respectively. Moreover, imports of construction materials (MOP3.18 billion) grew by 28 per cent. External merchandise trade reached MOP90.05 billion in the first eleven months of 2014, up by 11 per cent compared with MOP81.04 billion in the same period of 2013.
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