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Exports & imports rise in November, 2005

02 Jan '06
1 min read

Macao's exports and imports increased 14.0 percent and 19.1 percent respectively in November compared to the corresponding period of 2004, according to official statistics.

The figures revealed that the value of exports in the first 11 months registered a year-on-year decline of 14.3 percent, whereas imports recorded an increase of 11.7 percent.

Textile and garment exports amounted to 77.1 percent to Macao's total export value. This witnessed a slump during the first 11 months.

Industry experts rated this as an important factor that resulted in a fall of Macao's exports during the year.

Increasing fuel prices brought about growth in imports.

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