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

India's Kay Ventures aims to turn Karur into knitwear hub

Apparel/Garments | On 20th Aug 2018

India's Kay Ventures aims to turn Karur into knitwear hub

India’s Kay Ventures has teamed up with Hydra Micro Business...

Uzbekistan-China meeting discusses textile cooperation

Textiles | On 20th Aug 2018

Uzbekistan-China meeting discusses textile cooperation

A meeting of the Uzbek-Chinese business forum on cooperation in the...

Moldova wooing Indian investors in textiles, agriculture

Textiles | On 20th Aug 2018

Moldova wooing Indian investors in textiles, agriculture

Moldova is wooing Indian investors in textiles, agriculture and a few ...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Silvia Venturini Fendi
Fendi s.r.l

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

Robert Brunner
Devereux

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

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


August 2018

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

news category


Related Categories:

Advanced Search