Footwear exports surge by 14.8% in September

31 Oct '07

2 min read

Macao's total value of exports amounted to MOP1.81 billion in September 2007, up by 6.1% over the same month of 2006. Among this, the value of domestic exports went up by 2.3% to MOP1.16 billion, and the value of re-exports increased by 13.4% to MOP657 million.

Total value of imports amounted to MOP3.65 billion, up by 14.4% year-on-year. A trade deficit of MOP1.84 billion was recorded for September 2007.

During the period of January-September 2007, the value of total exports dropped by 5.1% year-on-year to MOP15.04 billion, of which the value of domestic exports fell by 14.8% whereas the value of re-exports rose by 20.1%.

Meanwhile, the value of imports grew by 17.3% to MOP31.60 billion, bringing about a trade deficit of MOP16.56 billion. The exports/imports ratio decreased from 58.8% in the first nine months of 2006 to 47.6% in the same period of 2007.

In the first nine months of 2007, the value of Textile & garment exports, which accounted for 64.8% of the total exports, decreased by 16.4% over the same period of 2006; nevertheless, the value of Non-textile exports rose by 26.7%, of which Machines & apparatus, parts & accessories thereof and Footwear surged by 84.4% and 14.8% respectively.

The USA and the EU remained the major destinations of Macao's exports, together making up 57.7% of the total value of exports. In the first nine months of 2007, the value of exports to the USA and the EU decreased by 17.0% and 15.0% respectively year-on-year.

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