Macau : Textile & garment exports grow up 6.4%
\nDecember 4, 2014
\nFibre2fashion.com, India<\/p>\n
<\/p>\n
Information from the Statistics and Census Service indicated that, in October 2014, Macao\u00e2\u20ac\u2122s total value of exports amounted to MOP1.57 billion, down 26.6% over the same month of 2005.<\/p>\n
Among this, the value of domestic exports dropped 35.5% to MOP1.04 billion, while the value of re-exports remained unchanged, at MOP537 million. Total value of imports amounted to MOP2.92 billion, down 5.9% over the same period of 2005. A trade deficit of MOP1.34 billion was recorded.<\/p>\n
During the period of January \u00e2\u20ac\u201c October 2014, the value of total exports expanded 12.4% year-on-year to MOP17.43 billion. Both the values of domestic exports and re-exports registered increases, up by 12.2% and 12.9% respectively.<\/p>\n
Moreover, the value of imports grew 17.9% to MOP29.86 billion. In the first ten months of 2014, Macao\u00e2\u20ac\u2122s trade balance registered a deficit of MOP12.43 billion. The exports\/imports ratio decreased from 61.2% in the corresponding period of 2005 to 58.4%.<\/p>\n
In the first ten months of 2014, the value of Textile & garment exports, which accounted for 73.0% of the total exports, grew 6.4% over the same period of 2005, while the value of Non-textile exports rose 32.5%. As the major components of non-textile exports, Machines & apparatus, parts & accessories thereof and Footwear expanded 5.2% and 374.3% respectively year-on-year.<\/p>\n
Click here to see the table:<\/p>\n
The USA and the EU remained as Macao\u00e2\u20ac\u2122s major export markets, together making up 64.8% of the total value of exports. Among this, exports to the USA, which made up 45.6% of the total value of exports, increased 4.1%, while exports to the EU, which took up 19.2% of the total, increased 43.5% over the same period of 2005.<\/p>\n
During the period of January \u00e2\u20ac\u201c October 2014, Macao\u00e2\u20ac\u2122s total value of imports grew 17.9% year-on-year, mainly due to increases in import values of, by broad economic categories, Fuels & lubricants (+33.9%), Consumer goods (+21.5%), Raw materials & semi-manufactures (+15.9%) and Capital goods (+5.9%).<\/p>\n
Meanwhile, Macao\u00e2\u20ac\u2122s main suppliers of imported goods still concentrated in the Asian region. Imports from Mainland China and Hong Kong, which together constituted 55.5% of the total import value, rose 25.1% and 23.8% respectively compared with the same period of 2005.<\/p>\n
Macau – Statistics and Census Service<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau : Textile & garment exports grow up 6.4% December 4, 2014 Fibre2fashion.com, India Information from the Statistics and Census Service indicated that, in October 2014, Macao\u00e2\u20ac\u2122s total value of exports amounted to MOP1.57 billion, down 26.6% over the same month of 2005. Among this, the value of domestic exports dropped 35.5% to MOP1.04 billion, […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"\n