Home / Knowledge / News / Textiles / Textile & garment exports drop in 2006

Textile & garment exports drop in 2006

20
Feb '07
Macau - Statistics and Census Service releases the results of the External Trade Statistics for December 2006. It indicated that in December 2006, Macao's total value of exports amounted to MOP1.59 billion, down 25.7% over the same month of 2005.

Among this, the value of domestic exports dropped 41.3% to MOP995 million, and the value of re-exports increased 32.9% to MOP598 million. Total value of imports amounted to MOP3.39 billion, up 10.8% over the same period of 2005. A trade deficit of MOP1.79 billion was recorded.

In 2006, the value of total exports expanded 3.2% year-on-year to MOP20.46 billion. Both the values of domestic exports and re-exports registered increases, up by 0.1% and 11.5% respectively. Meanwhile, the value of imports grew 16.6% to MOP36.53 billion. Thus, Macao's trade balance registered a deficit of MOP16.07 billion in 2006, with the exports/imports ratio decreased from 63.3% in 2005 to 56.0%.

The value of Textile & garment exports in 2006, which accounted for 71.6% of the total exports, dropped 4.4% over the same period of 2005, while the value of Non-textile exports rose 29.2%. As the major components of non-textile exports, Machines & apparatus, parts & accessories thereof and Footwear expanded 8.7% and 465.1% respectively year-on-year.

The USA and the EU remained as Macao's major export markets, together making up 63.6% of the total value of exports. Among this, exports to the USA, which made up 44.1% of the totalvalue of exports, decreased 6.5%, while exports to the EU, which took up 19.5% of the total, increased 18.0% over 2005.


Must ReadView All

Pic: Shutterstock/humphery

Textiles | On 18th Sep 2021

China wants to join CPTPP; Japan to consult members to respond to bid

Chinese commerce minister Wang Wentao recently submitted an...

Pic: Shutterstock

Textiles | On 18th Sep 2021

Eurozone GDP recovers quicker than expected after lockdowns: EU report

The eurozone economy recovered more rapidly than considered earlier...

Pic: Shutterstock

Apparel/Garments | On 18th Sep 2021

BGMEA urges Canadian buyers to source apparel from Bangladesh

Bangladesh Garment Manufacturers and Exporters Association (BGMEA)...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

India-EU Summit, Representatives

India-EU Summit
Representatives

India-EU FTA will provide EU with better access to a huge & rapidly...

Sanjay Jhunjhunwalla,

Sanjay Jhunjhunwalla

In the financial hub of eastern India, Kolkata, a humble production...

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Ritu Oberoi,

Ritu Oberoi

Mumbai-based Forsarees is a socially driven business enterprise, working...

Dr. Sean Blamires, Evolution and Ecology Research Centre

Dr. Sean Blamires
Evolution and Ecology Research Centre

Using spider silk for clothing may not seem to be an attractive...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah &amp; Sandeep is a luxury menswear label...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

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


September 2021

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


Advanced Search