Macao Textile And Clothing Exports Decreased By 1/6

2008/8/4 12:23:00 36

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According to the Macao Census Bureau report, in June 2008, the total value of Macao's merchandise exports was 1 billion 510 million yuan, which was 19.2% lower than in June 2008.

Macao's domestic exports decreased by 23.2% to 977 million yuan in Macao, and the re export decreased by 10.4% to 535 million yuan in Macao.

The total import value of goods reached 3 billion 600 million yuan in Macao, a slight increase of 0.2% a year.

In 2008, the trade deficit was 2 billion 90 million yuan in Macao.

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In the first half of 2008, exports of commodities decreased by 10.7% to 8 billion 530 million yuan in Macao, and 11.8% and 8.7% respectively in local exports and re exports.

Meanwhile, the total import volume of goods increased by 6.9% to 21 billion 450 million yuan in Macao, and the trade deficit increased to 12 billion 910 million yuan in the first half of.

The export / import ratio dropped to 39.8% in the first half of 2008 from 47.6% in the first half of 2007.

The export volume of textile and clothing decreased by 15% over the year, accounting for 59.9% of the total value of exports in the first half of 2008. In addition, the export of non textile products fell slightly by 1.7%, and that of machinery and accessories and footwear exports fell by 50.8% and 56.3%, respectively, and the export of audio-visual products increased by 69.2%.

In the first half of 2008, exports to the United States, mainland China and the European Union decreased by 6.3%, 40.3% and 40.5% respectively, but exports to Hongkong increased by 23.6%.

The main supply channels for Macao's imports are concentrated in the Asian region.

Macao's imports from mainland China and Hongkong reached 11 billion 130 million yuan, accounting for 51.9% of the total value of imports in the first half of 2008.

The import of fuels and lubricants and daily necessities increased by 30.5% and 23.5% respectively, but the imports of raw materials and semi manufactured goods and capital goods were reduced by 14.9% and 3.6% respectively.