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Mainland China-Macau trade up 18.2% in Q1

May. 4, 2012 (China Knowledge) - Trade between mainland China and Macau rose 18.2% year on year to US$600 million in the first three months of this year, accounting for 0.07% of the mainland's total foreign trade during the period, according to the latest statistics from the Ministry of Commerce.

Mainland China's exports to Macau jumped 21.5% year on year to US$570 million in the period, while its imports from the special administrative region fell 18.5% year on year to US$30 million.

In the month of March, trade between mainland China and Macau increased 26.7% month on month to US$230 million. Mainland China's exports to Macau grew 25.7% from February to US$210 million, while its imports from the city jumped 42.1% to US$20 million compared with the previous month.
During the period from January to March, mainland China approved 60 Macau-invested projects, 7.7% less than in the same period of last year. Macau's direct investment was US$100 million during the period, down 35.7% year on year.

By the end of March, a total of 12,899 Macau-funded projects had been approved, and utilized FDI totaled US$10.48 billion. Funds from Macau accounted for 0.9% of mainland China's total FDI at the end of March.

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