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Value of textile & garment exports decline

01
Sep '08
Information from the Statistics and Census Service indicated that the value of total exports of goods amounted to MOP1.61 billion in July 2008, down by 13.7% year-on-year; the value of domestic exports decreased by 23.7% to MOP1.02 billion, but that of re-exports increased by 11.2% to MOP594 million. The value of total imports of goods amounted to MOP4.12 billion, up by 11.4% year-on-year. A trade deficit of MOP2.51 billion was recorded for July 2008.

From January to July 2008, total exports of goods fell by 11.2% year-on-year to MOP10.14 billion, with the value of domestic exports and re-exports declining by 13.9% and 6.1% respectively. Meanwhile, total imports of goods grew by 7.6% to MOP25.57 billion, and the trade deficit in the first seven months of 2008 was widened to MOP15.42 billion. The exports/imports ratio decreased from 48.1% in the first seven months of 2007 to 39.7% in the same period of 2008.

The value of Textile & garment exports declined by 17.6% year-on-year and its relative importance decreased further to account for 60.1% of the total exports of goods in the first seven months of 2008; moreover, the value of Non-textile exports grew slightly by 0.7%, with exports of Machines & apparatus, accessories thereof and Footwear dropping by 50.9% and 60.4% respectively.

In the first seven months of 2008, the value of exports to the USA, Mainland China and the EU decreased by 7.0%, 38.7% and 45.3% 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 MOP13.08 billion, accounting for 51.1% of the total imports in the first seven months of 2008. In terms of broad economic categories, the value of imports of Consumer goods expanded by 25.3% respectively year-on-year, but that of Raw materials & semi-manufactures and Capital goods decreased by 16.0% and 1.6% respectively.

Macau - Statistics and Census Service


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