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Textile & garment exports down in 2005

03 Feb '06
3 min read

The USA and the EU remained as Macao's major export markets, together making up 65.8 percent of the total value of exports. Among this, exports to the USA, which made up 48.7 percent of the total value of exports, decreased 12.2 percent over 2004; exports to the EU, which made up 17.1 percent of the total value of exports, also fell 30.6 percent over 2004.

As regards the Asian markets, Mainland China and Hong Kong together absorbed 24.7 percent of Macao's total value of exports. Compared with 2004, the value of exports to Mainland China dropped by 6.2 percent, whereas the value of exports to Hong Kong rose by 14.1 percent.

In 2005, Macao's total value of imports increased 12.3 percent year-on-year, mainly due to the increase in the value of imports by broad economic categories. Increases were registered for Fuels & lubricants (41.3 percent), Capital goods (20.6 percent), Consumer goods (9.3 percent) and Raw materials & semi-manufactures (5.4 percent).

Meanwhile, Macao's main suppliers of imported goods still concentrated in the Asian region. Imports from Mainland China and Hong Kong together constituted 53.1 percent of the total value of imports. Compared with 2004, the value of imports from Mainland China and Hong Kong increased 9.0 percent and 6.0 percent respectively.

Moreover, total value of imports from the EU and the USA went up 18.4 percent and 12.9 percent respectively compared with 2004. The EU and the USA accounted for 13.1 percent and 4.1 percent of the total value of imports respectively.

Macau - Statistics and Census Service

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