Macau Exports Down 17.6%, Imports Up 23.8%
Written on March 5, 2007 by admin
In January 2007, Macao’s total value of exports amounted to MOP1.70 billion, down 17.6% over the same month of 2006. Among this, the value of domestic exports dropped 33.4% to MOP1.13 billion, and the value of re-exports increased 55.6% to MOP571 million. Total value of imports amounted to MOP3.25 billion, up 23.8% year-on-year. (MOP 8 = US$1)
Macao’s trade balance registered a deficit of MOP1.55 billion, with the exports/imports ratio decreased from 78.5% in January 2006 to 52.3%.
The value of Textile & garment exports in January 2007, which accounted for 63.9% of the total exports, dropped 36.2% over the same month of 2006, while the value of Non-textile exports rose 71.2%. As the major components of non-textile exports, Machines & apparatus, parts & accessories thereof and Footwear surged 151.8% and 655.1% respectively year-on-year.
The USA and the EU remained as Macao’s major export markets, together making up 59.0% of the total value of exports. Among this, exports to the USA, which made up 41.1% of the total export value, decreased 38.9%, while exports to the EU, which took up 17.9% of the total, decreased 27.3% year-on-year.
Macao’s total value of imports in January 2007 grew 23.8% year-on-year, mainly due to increases in import values of, by broad economic categories, Capital goods (+37.6%), Raw materials & semi-manufactures (+24.2%), Consumer goods (+19.0%) and Fuels & lubricants (+18.0%).
Meanwhile, Macao’s main suppliers of imported goods still concentrated in the Asian region. Imports from Mainland China and Hong Kong, which together constituted 53.7% of the total import value, rose 32.9% and 16.9% respectively year-on-year.
Source | Statistics and Census Service
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