Textile & garment exports down in 2005

03 Feb '06

3 min read

Macau - Statistics and Census Service released External Trade Statistics for December 2005.

In December 2005, Macao's total value of exports amounted to MOP2.15 billion, up 11.8 percent over the same month of 2004. Among this, the value of domestic exports increased 15.8 percent to MOP1.70 billion and the value of re-exports decreased 1.3 percent to MOP450 million.

Value of imports amounted to MOP3.06 billion, up 17.2 percent over the same period of 2004. A trade deficit of MOP912 million was recorded this month. The cumulative value of total exports in 2005 registered a year-on-year decrease of 12.1 percent to MOP19.82 billion. Among this, the value of domestic exports fell 17.1 percent, whereas the value of re-exports rose 4.2 percent.

Meanwhile, the value of imports amounted to MOP31.34 billion, up 12.3 percent over the year of 2004. In 2005, Macao's trade balance registered a deficit of MOP11.52 billion; the exports/imports ratio decreased from 80.9 percent in 2004 to 63.3 percent in 2005.

In the fourth quarter of 2005, exports went up 13.0 percent, whereas imports also rose by 22.2 percent compared with the same period of 2004. The trade balance was a deficit of MOP2.65 billion.

In 2005, the value of Textile & garment exports, which accounted for 77.4 percent of the total exports, decreased 15.1 percent over 2004. However, the value of Non-textile exports remained unchanged.

As the major components of the non-textile exports, Machines and apparatus, parts & accessories thereof expanded 13.5 percent, whereas Footwear fell 91.5 percent over the year of 2004.

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