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Macao-Mainland China trade up 17 pct in October

The value of trade between Macao and Mainland China increased by 17 percent year-on-year to US$340 million in October, show data published by China’s Ministry of Commerce.

Mainland China’s exports to Macao rose 26 percent from a year earlier to US$330 million, but the value of Macao goods shipped to the Mainland declined 62 percent to US$10 million.

For the first 10 months of 2014, the bilateral trade value between the two places stood at US$2.98 billion, a year-on-year rise of 1.36 percent, a slower growth pace when compared to the nearly 28 percent seen for the same period last year.

The value of Mainland’s exports to Macao reached US$2.82 billion for the January to October period, a rise of only 7.6 percent from the US$2.62 billion in the same period last year. The value of Macao’s exports to the Mainland dropped by 62 percent year-on-year to US$160 million in the first 10 months of 2014.