Despite the Pandemic import volume to the Macau SAR jumped by 2.7 percent year-on-year in 2020 reaching some MOP 92.5 billion (US$738.6 million), according to data published by Statistics & Census Bureau.
The rise was mainly due to a 14.5 percent spike in merchandise imports from the EU, some MOP 28.5, which helped offset a 10 percent fall in imports from mainland China to MOP 27.6 billion.
Meanwhile, the value of re-exports, which represented almost the totality of local exports dropped by 18 percent year-on-year to some MOP9.25 billion, as domestic exports grew by 3.4 percent to MOP1.56 billion.
Analysed by destination, merchandise export to Hong Kong (MOP 7.46 billion) and
the EU (MOP 178 million) in 2020 dropped by 8.6 percent and 9.7 per cent, respectively, year-on-year.
However, the export volume to mainland China increased by 2.5 per cent from 2019 to MOP1.62 billion, with exports to the Nine Provinces of the Pan-Pearl River Delta, representing most of this trade volume.
Exports to the USA meanwhile saw a considerable 88.4 percent year-on-year jump to MOP 554 million, while exports to the Belt & Road Countries decreased by MOP 303 million.
Meanwhile, exports to the Portuguese-speaking Countries leapt by 867.4 percent to MOP 12 million. Merchandise trade deficit totalled MOP 81.75 billion in 2020, up by MOP 4.42 billion from MOP 77.33 billion in 2019.