Statistics and Census Service of Macau indicates that, in February 2006, Macao's total value of exports amounted to MOP969 million, up 21.7 percent over the same month of 2005.
Among this, the value of domestic exports increased 16.4 percent to MOP619 million and the value of re-exports rose 32.5 percent to MOP350 million. Value of imports amounted to MOP2.10 billion, up 42.9 percent over the same period of 2005. A trade deficit of MOP1.13 billion was recorded this month.
In the first two months of 2006, the value of Textile & garment exports, which accounted for 77.1 percent of the total exports, increased 39.2 percent over the same period of 2005.
In addition, the value of Non-textile exports also rose 16.8 percent. As the major components of non-textile exports, Machines & apparatus, parts & accessories thereof expanded 12.8 percent, whereas Footwear fell 44.4 percent year-on-year.
During the period of January - February 2006, the value of total exports increased 33.3 percent year-on-year to MOP3.03 billion. In addition, both the values of domestic exports and re-exports increased 41.4 percent and 12.5 percent respectively. Moreover, the value of imports amounted to MOP4.74 billion, up 27.6 percent over the same period of 2005.
In the first two months of 2006, Macao's trade balance registered a deficit of MOP1.70 billion. During this period, the exports/imports ratio increased from 61.3 percent in the corresponding period of2005 to 64.0 percent.
marketing@alchempro.com
