Macao’s total merchandise import fell by 30.3% year-on-year to 3.87 billion patacas (about $485.08 million) in February, the lowest single-month figure since March 2011, due to a decline in economic activity amid the spread of the COVID-19, the special administrative region’s statistic department said in Macao on March 30.
The latest report from the Statistics and Census Service (DSEC) showed that the imports of gold jewellery, mobile phones and watches plunged by 73.9%, 68.3% and 57.9% respectively.
But the imports of other textile articles including face masks jumped by 854.6% and imports of pharmaceutical products increased by 57.6%.
In the first two months of 2020, the total value of merchandise import declined by 14.1% year-on-year to 12.32 billion patacas (about $1.54 billion), the DSEC report added.
The import from the mainland and the European Union decreased by 17.2% and 8.9% respectively year-on-year to 4.05 billion patacas (about $507.65 million) and 3.71 billion patacas (about $465.03 million) in the first two months of 2020.
On the other hand, imports from the Belt & Road countries leapt by 95.1% to 2.59 billion patacas (about $324.64 million), while imports from the Portuguese speaking countries shrank by 19.2% to 130 million patacas (about $16 million).
The imports of consumer goods went down by 13.3% to 8.80 billion patacas (about $1.10 billion), with imports of garments and footwear, and watches falling by 25.7% and 24.9% respectively.
In addition, the imports of fuels and lubricants (949 million patacas or $119 million), mobile phones (569 million patacas or $71 million) and construction materials (202 million patacas or $25 million) recorded decreases of 9.1%, 46.2% and 0.7% respectively.