Textile & garment exports fall in Nov

31 Dec '07

2 min read

Information from the Statistics and Census Service indicated that Macao's total value of exports amounted to MOP1.87 billion in November 2007, up by 28.8% over the same month of 2006.

Among this, the value of domestic exports went up by 41.9% to MOP1.29 billion, and the value of re-exports increased by 6.8% to MOP579 million. Total value of imports amounted to MOP3.97 billion, up by 21.5% year-on-year. A trade deficit of MOP2.10 billion was recorded for November 2007.

During the period of January-November 2007, the value of total exports dropped by 1.4% year-on-year to MOP18.60 billion, of which the value of domestic exports fell by 8.5% whereas the value of re-exports rose by 15.9%.

Meanwhile, the value of imports grew by 18.5% to MOP39.29 billion, bringing about a trade deficit of MOP20.68 billion. The exports/imports ratio decreased from 56.9% in the first eleven months of 2006 to 47.4% in the same period of 2007.

In the first eleven months of 2007, the value of Textile & garment exports, which accounted for 65.4% of the total exports, decreased by 11.0% over the same period of 2006; nevertheless, the value of Non-textile exports rose by 23.7%, of which Machines & apparatus, parts & accessories thereof and Footwear surged by 69.9% and 2.7% respectively.

The USA and the EU remained the major destinations of Macao's exports, together making up 58.5% of the total value of exports in the first eleven months of 2007; however, the value of exports to the USA and the EU decreased by 10.9% and 8.1% respectively year-on-year.

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