Home / Knowledge / News / Textiles / Value of textile & garment exports decline by 15.8%
Value of textile & garment exports decline by 15.8%
02
Aug '08
Information from the Statistics and Census Service indicated that the value of total exports of goods amounted to MOP1.51 billion in June 2008, down by 19.2% year-on-year; the value of domestic exports decreased by 23.2% to MOP977 million, and that of re-exports dropped by 10.4% to MOP535 million. The value of total imports of goods amounted to MOP3.60 billion, up slightly by 0.2% year-on-year. A trade deficit of MOP2.09 billion was recorded for June 2008.

In the first half year of 2008, total exports of goods fell by 10.7% year-on-year to MOP8.53 billion, with the value of domestic exports and re-exports declining by 11.8% and 8.7% respectively. Meanwhile, total imports of goods grew by 6.9% to MOP21.45 billion, and the trade deficit for the first half year was widened to MOP12.91 billion. The exports/imports ratio decreased from 47.6% in the first half year of 2007 to 39.8% in the same period of 2008.

The value of Textile & garment exports declined by 15.8% year-on-year and its relative importance decreased further to account for 59.9% of the total exports of goods in the first half year of 2008; moreover, the value of Non-textile exports fell slightly by 1.7%, with exports of Machines & apparatus, parts & accessories thereof and Footwear dropping by 50.8% and 56.3% respectively, while exports of Image & sound appliances rose by 69.2%.

In the first half year of 2008, the value of exports to the USA, Mainland China and the EU decreased by 6.3%, 40.3% and 40.5% respectively year-on-year, but that to Hong Kong rose by 23.6%.

The main suppliers of imported goods to Macao concentrated in the Asian region. The value of imports from Mainland China and Hong Kong amounted to MOP11.13 billion, accounting for 51.9% of the total imports in the first half year of 2008. In terms of broad economic categories, the value of imports of Fuels & lubricants and Consumer goods expanded by 30.5% and 23.5% respectively year-on-year, but that of Raw materials & semi-manufactures and Capital goods decreased by 14.9% and 3.6% respectively.

Macau - Statistics and Census Service

Must ReadView All

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marcel Alberts
Eurofibers

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

Sonam & Paras Modi
SVA

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

Judy Frater
Somaiya Kala Vidya

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search