Merchandise exports up 12.5 percent in April

Total merchandise exported for April 2015 amounted to MOP953 million, up 15.2 per cent year-on-year, the Statistics and Census Service (DSEC) reveals. The value of re-exports expanded by 22.3 per cent to MOP824 million, of which re-exports of clocks & watches more than doubled by 128.7 per cent. However, the value of domestic exports dropped by 16.0 per cent to MOP129 million. Total merchandise imports declined by 4.3 per cent from a year ago to MOP6.88 billion, of which imports of gold jewellery and watches fell by 41.7 per cent and 8.6 per cent respectively. The merchandise trade deficit amounted to MOP5.93 billion. In the first four months of 2015, the total value of merchandise exports grew by 10.7 per cent year-on-year to MOP3.65 billion, of which the value of re-exports (MOP3.02 billion) and domestic exports (MOP629 million) rose by 12.6 per cent and 2.2 per cent, respectively. The total value of merchandise imports grew by 1.2 per cent to MOP29.10 billion. The merchandise trade deficit widened to MOP25.45 billion for the first four months of 2015. Analysed by destination, the merchandise exports to Hong Kong (MOP2.30 billion) and Mainland China (MOP522 million) in the first four months of 2015 increased by 12.2 per cent and 25.1 per cent year-on-year, while exports to the EU (MOP83 million) and the USA (MOP67 million) decreased by 19.9 per cent and 31.6 per cent, respectively. Exports of non-textiles increased by 11.6 per cent year-on-year to MOP3.40 billion, of which value of clocks & watches (MOP576 million) and tobacco (MOP163 million) rose by 54.8 per cent and 55.7 per cent, respectively, but that of machines, apparatus & parts (MOP435 million) dropped by 24.8 per cent . Exports of textiles & garments totalled MOP254 million, down by 0.5 per cent. By country of origin, merchandise imported from Mainland China (MOP10.92 billion) in the first four months of 2015 increased by 18.6 per cent year-on-year, while imports from the EU (MOP6.70 billion) fell by 9.5 per cent. Imports of consumer goods dropped by 8.0 per cent to MOP17.02 billion, with imports of gold jewellery (MOP2.42 billion) decreasing by 33.2 per cent, but that of food & beverages (MOP4.08 billion) increased by 11.6 per cent. Moreover, imports of mobile phones (MOP3.55 billion) expanded by 56.5 per cent.