Home / Knowledge / News / Textiles / Trade results fail to reach the mark
Trade results fail to reach the mark
02
Feb '08
According to the Ministry of Commerce, China, trade with Macao Special Administrative Region (MSAR) reached nearly US $2.92 billion in 2007, marking a year on year increase of 19.8 percent.

By the end of 2007, direct investment by MSAR in China alone, amounted to $7.65 billion in 11,553 projects that were initiated as early as 1978.

However, on an average Macao's total export for 2007 sloped down by 0.2 percent compared to the previous year ushering a trade deficit of 22.68 billion patacas (around US $2.8 billion). Imports on the other hand grew by 18 percent and the value of footwear products fell by about 1.7 percent.

Further, statistics also show that although textile sector accounted for about 65.6 percent of Macao's total exports, the value of textile and garment exports in 2007 declined by 8.6 percent compared to 2006.

Macao's primary export regions undoubtedly include the United States and the European Union which together consumed about 58.8 percent of the total value of its exports. However, the rate of consumption by both the regions has declined by 8.1 percent and 6.9 percent respectively.


Must ReadView All

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X