Home / Knowledge / News / Textiles / Value of textile & garment exports decline by 22.4%
Value of textile & garment exports decline by 22.4%
03
Nov '08
Information from the Statistics and Census Service indicated that the value of total imports and exports of goods registered year-on-year decreases in September 2008.

The value of total exports of goods amounted to MOP1.44 billion, down by 19.5% year-on-year; the value of domestic exports decreased by 33.4% to MOP772 million, but that of re-exports increased by 6.0% to MOP670 million.

The value of total imports of goods amounted to MOP3.59 billion, down by 1.4% year-on-year. A trade deficit of MOP2.15 billion was recorded for September 2008.

From January to September 2008, total exports of goods fell by 13.9% year-on-year to MOP12.89 billion, with the value of domestic exports and re-exports declining by 19.2% and 4.1% respectively.

Meanwhile, total imports of goods grew by 3.9% to MOP32.77 billion, and the trade deficit in the first nine months of 2008 was widened to MOP19.88 billion. The exports/imports ratio decreased from 47.5% in the first nine months of 2007 to 39.3% in the same period of 2008.

The value of Textile & garment exports declined by 22.4% year-on-year and its relative importance decreased further to account for 58.5% of the total exports of goods in the first nine months of 2008; moreover, the value of Non-textile exports grew by 1.7%, with exports of Image & sound appliances increasing by 52.6%, but exports of Machines & apparatus, parts & accessories thereof and Footwear registered decreases of 48.5% and 63.3% respectively.

In the first nine months of 2008, the value of exports to the USA, Mainland China and the EU decreased by 11.6%, 37.8% and 50.9% respectively year-on-year, but that to Hong Kong rose by 22.6%.

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 MOP16.59 billion, accounting for 50.6% of the total imports in the first nine months of 2008. In terms of broad economic categories, the value of imports of Fuels & lubricants and Consumer goods expanded by 22.0% and 19.6% respectively year-on-year, but that of Raw materials & semi-manufactures and Capital goods decreased by 18.2% and 5.5% respectively.

Macau - Statistics and Census Service


Must ReadView All

(left to right) Rohit Munjal, Ashok  Shah, Rahul Mehta, Premal Udani, Rajesh Masand and Jayesh  Shah

Textiles | On 28th Jun 2017

CMAI to host 822 exhibitors at 65th National Garment Fair

The Clothing Manufacturers Association of India (CMAI) will host over ...

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Johan Berlin
InvestKonsult Sweden AB

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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