Macao'S Exports Of Textiles And Clothing Fell Slightly In January

According to the statistics and Census Bureau of Macao, the total value of goods exported in January 2016 was 970 million yuan (Macao yuan, the same below), an annual increase of 1.5%, and the value of re exports increased by 8.4% (830 million yuan).

Exports of products ($140 million) fell by 26.2%, while the scent (26 million 760 thousand yuan) decreased by 49.9%.

The total value of imports of goods was 6 billion 960 million yuan, an annual decrease of 18.5%.

Goods in January

It's 5 billion 980 million yuan.

According to the analysis of export destinations, the value of goods exported to mainland China (140 million yuan) and Hongkong (630 million yuan) increased by 8.9% and 3.6% in January 2016, while exports to the European Union (17 million 390 thousand yuan) and the United States (10 million 630 thousand yuan) decreased by 31.1% and 35.7% respectively.

Exports were 900 million yuan, an annual increase of 2.7%, electronic components (85 million 460 thousand yuan) increased by 223.5%, diamond and diamond jewellery (83 million 580 thousand yuan) increased by 19.4%, and machinery equipment and parts (81 million 880 thousand yuan) decreased by 47.5%.

Exports of textiles and garments were 70 million 310 thousand yuan, down 11.4% year-on-year.

According to the statistics of origin of goods, the value of imports from mainland China (2 billion 710 million yuan) and European Union (1 billion 630 million yuan) in January 2016 decreased by 21.4% and 15.4% respectively.

Imports of consumer goods fell by 8.6% to 4 billion 360 million yuan, of which watches (450 million yuan) and passenger cars and motorcycles (110 million yuan) were reduced by 31.3% and 46.2% respectively.

In addition, the value of imports of mobile phones ($690 million), fuels and lubricants ($430 million) and construction materials ($210 million) were recorded at 48.1%, 30.6% and 39.6% respectively.

Total external merchandise trade amounted to 7 billion 930 million yuan in January, a decrease of 16.5% compared with 9 billion 490 million yuan in 2015.

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According to the Ministry of industry and commerce, the Ministry of industry and Commerce of Korea announced the "import and export trend of February" (provisional value of Customs Statistics in from February 1st to 29th) according to the Ministry of industry and Commerce resources of South Korea. The export volume of South Korea in February this year was about $36 billion 420 million, a decrease of 12.2% compared with (2015) in the same month, and the import amount of about $29 billion 20 million, which also decreased by 14.6% compared with the same month last year. The trade surplus was about 7 billion 400 million US dollars, showing a trade surplus record for 49 consecutive months.

In February this year, the 13 major export items of Korea (the Provisional Statistics for customs statistics in from February 1st to 29th), except for computers, wireless communications machinery and general machinery exports increased by 6.2%, 2.8% and 2.4% respectively, the remaining items showed a decline. Fiber, auto parts, steel, stone oil chemistry, automobiles, semiconductors, household appliances, plane display devices, petroleum products and ships, respectively, declined 0.1%, 2.1%, 2.9%, 6.4%, 9.3%, 12.6%, 13%, 13%, 13% and 13%.

According to local media reports, the Korean economy has been in a downturn for 14 months as the export volume of Korea has been decreasing for a period of two months. The main reason is that the recovery of the advanced countries is slow and the international oil prices have continued to fall. In addition, the demand for the main export items in the global market is reduced, and the excessive concentration of competitive industries is also an influencing factor.

In addition, some experts pointed out that the government's initiative to expand the consumer market in mainland China through the use of the Korean Free Trade Agreement (FTA), and the new export strategy to integrate new markets with information and communication technology (ICT) and virtual reality (VR), may need to be revised.