This year marks the 25th anniversary of Macao's return to the motherland. According to customs statistics, since Macao's return, the total import and export value of the Mainland to Macao has reached 471.43 billion yuan (January 2000 - November 2024), and the annual trade volume has increased from 4.87 billion yuan in 1999 to 27.01 billion yuan in 2023, with an average annual growth rate of 7.4%. In the first 11 months of this year, the value of imports and exports reached 25.94 billion yuan, up 9.7 percent year on year.
Over the past 25 years, the Macao market has become increasingly attractive to private enterprises, and the proportion of imports and exports has increased significantly. In the first 11 months of this year, the import and export of mainland private enterprises to Macao through Gongbei Customs was 10.75 billion yuan, an increase of 25.9% year-on-year, and the proportion increased from less than 20% in 1999 to 49.9%, with rapid development.
At the same time, the advantageous industries in Macao, relying on the geographical advantages adjacent to the mainland, continue to expand the mainland market, cigarettes, pharmaceuticals, copper clad panels, food, etc., to replace textiles and clothing as the main import products. For example, Macao's specialty pastries such as almond cakes, egg yolk rolls and pineapple crisp are popular among mainland consumers. In the first 11 months of this year, the mainland imported a total of 135.6 tons of specialty pastries from Macao, an increase of 25.4 percent year-on-year. In addition, the major health industry of traditional Chinese medicine is a key development industry in Macao in recent years, and the cumulative import value in the first 11 months of this year reached 77.271 million yuan, a substantial increase of 385.7%. The Mainland has continued to play its role in promoting the appropriately diversified development of Macao's economy.
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