Home / Knowledge / News / Textile & garment exports decline in May
Textile & garment exports decline in May
02
Jul '08
Information from the Statistics and Census Service indicated that the value of total exports of goods amounted to MOP1.66 billion in May 2008, down by 7.1% year-on-year; the value of domestic exports decreased by 10.0% to MOP975 million and that of re-exports dropped by 2.5% to MOP687 million. The value of total imports of goods amounted to MOP3.59 billion, down by 2.7% year-on-year. A trade deficit of MOP1.92 billion was recorded for May 2008.

From January to May 2008, the total exports of goods fell by 8.6% year-on-year to MOP7.02 billion, of which the value of domestic exports and re-exports declined by 8.8% and 8.3% respectively. Meanwhile, total imports of goods grew by 7.9% to MOP17.76 billion, bringing about a trade deficit of MOP10.74 billion in the first five months of 2008. The exports/imports ratio decreased from 46.7% in the first five months of 2007 to 39.5% in the same period of 2008.

The value of Textile & garment exports, accounting for 59.1% of the total exports of goods in the first five months of 2008, declined by 13.2% over the same period of 2007; moreover, the value of Non-textile exports fell slightly by 1.0%, of which exports of Machines & apparatus, parts & accessories thereof and Footwear dropped by 48.4% and 51.0% respectively, while exports of Image & sound appliances rose by 70.9%.

In the first five months of 2008, the value of exports to the USA, Mainland China and the EU decreased by 4.0%, 39.9% and 37.8% respectively year-on-year, while that to Hong Kong rose by 26.1%.

The main suppliers of imported goods to Macao concentrated in the Asian region. The value of imports from Mainland China and Hong Kong, comprising 51.3% of the total imports in the first five months of 2008, rose by 3.4% and 14.7% respectively year-on-year.

In terms of broad economic categories, the value of imports of Fuels & lubricants and Consumer goods in the first five months of 2008 expanded by 27.0% and 25.8% respectively year-on-year, but that of Raw materials & semi-manufactures and Capital goods decreased by 13.0% and 3.5% respectively.

Macau - Statistics and Census Service


Must ReadView All

Courtesy: European Commission/European Union

Textiles | On 26th May 2018

EU set to negotiate FTAs with Australia & New Zealand

The European Union is all set to begin negotiations for free trade...

US bans import of cotton goods from Turkmenistan

Textiles | On 26th May 2018

US bans import of cotton goods from Turkmenistan

The US Customs and Border Protection (CBP) has issued a Withhold...

FPCCI prepares report on Pakistan's export issues

Textiles | On 26th May 2018

FPCCI prepares report on Pakistan's export issues

Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Urmil Arya

Sushila International, a well established textile organisation established ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search