Home / Knowledge / News / Textiles / Value of textile & garment exports decline by 20.7%
Value of textile & garment exports decline by 20.7%
01
Oct '08
Information from the Statistics and Census Service indicated that the value of total exports of goods amounted to MOP1.31 billion in August 2008, down by 26.0% year-on-year; the value of domestic exports decreased by 37.7% to MOP745 million, and that of re-exports dropped by 1.7% to MOP569 million. The value of total imports of goods amounted to MOP3.58 billion, down by 13.5% year-on-year. A trade deficit of MOP2.26 billion was recorded for August 2008.

From January to August 2008, total exports of goods fell by 13.2% year-on-year to MOP11.45 billion, with the value of domestic exports and re-exports declining by 17.3% and 5.5% respectively. Meanwhile, total imports of goods grew by 4.5% to MOP29.16 billion, and the trade deficit in the first eight months of 2008 was widened to MOP17.71 billion. The exports/imports ratio decreased from 47.3% in the first eight months of 2007 to 39.3% in the same period of 2008.

The value of Textile & garment exports declined by 20.7% year-on-year and its relative importance decreased further to account for 59.4% of the total exports of goods in the first eight months of 2008; moreover, the value of Non-textile exports grew slightly by 0.7%, with exports of Machines & apparatus, parts & accessories thereof and Footwear dropping by 51.2% and 62.4% respectively, but exports of Image & sound appliances registered an increase of 58.4%.

In the first eight months of 2008, the value of exports to the USA, Mainland China and the EU decreased by 9.7%, 39.8% and 48.7% respectively year-on-year, but that to Hong Kong rose by 24.9%.

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 MOP14.83 billion, accounting for 50.9% of the total imports in the first eight months of 2008. In terms of broad economic categories, the value of imports of Fuels & lubricants and Consumer goods expanded by 22.6% and 20.7% respectively year-on-year, but that of Raw materials & semi-manufactures and Capital goods decreased by 18.1% and 4.5% respectively.

Macau - Statistics and Census Service

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Arvind Saraf
Triveni Sarees

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

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Suresh Patel
Sidwin Fabric

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

Paolo Ocleppo
Sandvik Hyperion

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Jay Ramrakhiani
Occasions Elegance Wear

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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
March 2017

March 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