Macau : Textile & garment exports increase in Jan-April 2014
June 3, 2014/Fibre2fashion.com, India
Information from the Statistics and Census Service indicates that, in April 2014, Macao’s total value of exports amounted to MOP1.65 billion, up 45.0 percent over the same month of 2005.
Among this, the value of domestic exports surged 74.6 percent to MOP1.11 billion and the value of re-exports rose 7.5 percent to MOP540 million. Value of imports amounted to MOP3.13 billion, up 30.6 percent over the same period of 2005. A trade deficit of MOP1.48 billion was recorded this month.
During the period of January – April 2014, the value of total exports increased 38.5 percent year-on-year to MOP6.42 billion. In addition, both the values of domestic exports and re-exports went up 53.3 percent and 10.1percent respectively.
Moreover, the value of imports amounted to MOP10.83 billion, up 29.1 percent over the same period of 2005. In the first four months of 2014, Macao’s trade balance registered a deficit of MOP4.41 billion. During this period, the exports/imports ratio increased from 55.2 percent in the corresponding period of 2005 to 59.3 percent.
In the first four months of 2014, the value of Textile & garment exports, which accounted for 75.1 percent of the total exports, increased 44.4 percent over the same period of 2005. In addition, the value of Non-textile exports also rose 23.3 percent.
As the major components of non-textile exports, Machines & apparatus, parts & accessories thereof and Footwear both expanded 8.4 percent and 113.6 percent respectively year-on-year.
The USA and the EU remained as Macao’s major export markets, together making up 66.7 percent of the total value of exports. Among this, exports to the USA, which made up 49.6 percent of the total value of exports, increased 54.8 percent over the same period of 2005; exports to the EU, which made up 17.1 percent of the total value of exports, also increased 102.5 percent over the same period of 2005.
During the period of January – April 2014, Macao’s total value of imports grew 29.1percent year-on-year, mainly due to the increase in the value of imports by broad economic categories, namely Fuels & lubricants (44.3 percent), Consumer goods (30.4 percent), Capital goods (25.8 percent) and Raw materials & semi-manufactures (25.4percent).
Meanwhile, Macao’s main suppliers of imported goods still concentrated in the Asian region. Imports from Mainland China and Hong Kong together constituted 54.4 percent of the total value of imports. Compared with the same period of 2005, the value of imports from Mainland China and Hong Kong rose 47.2 percent and 30.0 percent respectively.
Macau – Statistics and Census Service
