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Economy

Macao's merchandise export grows by 8.1 pct in 2018

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2019-02-03 12:58:57Xinhua Editor : Li Yan ECNS App Download

The total value of merchandise export increased by 8.1 percent year-on-year to 12.19 billion patacas (about 1.51 billion U.S. dollars), the Macao Special Administrative Region (SAR)'s statistic service said on Sunday.

The latest data from the Statistics and Census Service (DSEC) showed that in 2018, the value of re-exports grew by 12.3 percent to 10.66 billion patacas (about 1.32 billion U.S. dollars), but that of domestic exports declined by 14.3 percent to 1.53 billion patacas (about 189 million U.S. dollars).

Analyzed by destination, merchandise export to the nine provinces of the Pan Pearl River Delta increased by 2.7 percent year-on-year to 1.96 billion patacas (about 243 million U.S. dollars) in 2018.

Exports to Hong Kong SAR (7.57 billion patacas or 937 million U.S. dollars) and the European Union (209 million patacas or 26 million U.S. dollars) rose by 14.7 percent and 10.0 percent respectively.

Exports of non-textiles went up by 10.3 percent year-on-year to 11.50 billion patacas (about 1.42 billion U.S. dollars), of which value of machines, apparatus and parts (2.56 billion patacas or 317 million U.S. dollars) grew by 93.1 percent, but that of electronic components (491 million patacas or 61 million U.S. dollars) declined by 33.8 percent.

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