Trade down between MSAR and Mainland

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Trade between the MSAR and Mainland China decreased by 16.3 per cent year-on-year in the first quarter of this year, dropping to US$615 million (MOP4.93 billion), according to official data released by the Chinese Ministry of Commerce.
Exports from the city to the Mainland dropped by 14.84 per cent year-on-year, at US$593 million.
Similarly, imports from the Mainland to the MSAR saw a year-on-year decrease of 42.79 per cent, amounting to US$22 million.
In March, trade between the city and the Mainland amounted to US$236 million, down 16.31 per cent year-on-year but up by 38.04 per cent month-on-month.
During the month, US$226 million in exports from the MSAR to the Mainland was recorded, down 12.49 per cent year-on-year but seeing an uptick of 36.84 per cent month-on-month.
For imports to Macau from the Mainland, the third month of the year generated US$10 million, registering a year-on-year decrease of 32.75 per cent, but a month-on-month increase of 72.69 per cent.
For the first three months of this year, a total of 156 investments from Macau were approved in Mainland China, a doubling of investments made during the same period of last year.
The 156 investments generated US$309 million, up 67 per cent year-on-year.
In the month of March alone, 54 Macau investments were approved in the Mainland, an increase of 28.57 per cent month-on-month.
Some US$246 million was created from the 54 investments, indicating a threefold increase when compared to the previous month.
In March, Mainland China placed US$2.20 billion in non-financial investments in Macau.
Meanwhile, also for the month of March, the turnover of completed construction projects in the MSAR by companies from the Mainland reached US$14.14 billion.