Textile & garment exports fall in for July 2007

04 Sep '07

2 min read

Information from the Statistics and Census Service indicated that Macao's total value of exports amounted to MOP1.88 billion in July 2007, down by 5.7% over the same month of 2006. Among this, the value of domestic exports dropped by 11.9% to MOP1.33 billion, while the value of re-exports increased by 13.6% to MOP552 million.

Total value of imports amounted to MOP3.69 billion, up by 16.4% year-on-year. A trade deficit of MOP1.81 billion was recorded for July 2007.

During the period of January-July 2007, the value of total exports dropped by 7.5% year-on-year to MOP11.42 billion, of which the value of domestic exports fell by 18.6% whereas the value of re-exports rose by 22.9%.

Meanwhile, the value of imports grew by 15.6% to MOP23.75 billion, bringing about a trade deficit of MOP12.33 billion. The exports/imports ratio decreased from 60.1% in the first seven months of 2006 to 48.1% in the same period of 2007.

In the first seven months of 2007, the value of Textile & garment exports, which accounted for 64.7% of the total exports, decreased by 20.1% over the same period of 2006; however, the value of Non-textile exports rose by 30.0%, of which Machines & apparatus, parts & accessories thereof and Footwear surged by 91.1% and 18.3% respectively.

The USA and the EU remained the major destinations of Macao's exports, together making up 58.1% of the total value of exports. In the first seven months of 2007, the value of exports to theUSA and the EU decreased by 20.3% and 19.1% year-on-year.

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