Macau - Statistics and Census Service indicates that, in August 2006, Macao's total value of exports amounted to MOP1.79 billion, down 13.2 percent over the same month of 2005. Among this, the value of domestic exports dropped 24.4 percent to MOP1.24 billion and the value of re-exports rose 30.5 percent to MOP551 million.
Value of imports amounted to MOP3.18 billion, up 8.6 percent over the same period of 2005. A trade deficit of MOP1.39 billion was recorded this month.
During the period of January – August 2006, the value of total exports increased 25.2 percent year-on-year to MOP14.13 billion. Both the values of domestic exports and re-exports increased 30.9 percent and 12.1 percent respectively.
Moreover, the value of imports amounted to MOP23.73 billion, up 23.2 percent over the same period of 2005. In the first eight months of 2006, Macao's trade balance registered a deficit of MOP9.60 billion. The exports/imports ratio increased from 58.6 percent in the corresponding period of 2005 to 59.5 percent.
In the first eight months of 2006, the value of Textile & garment exports, which accounted for 74.2 percent of the total exports, grew 22.9 percent over the same period of 2005, while the value of Non-textile exports rose 32.1 percent. As the major components of non-textile exports, Machines & apparatus, parts & accessories thereof and Footwear both expanded 11.3 percent and 347.3 percent respectively year-on-year.
The USA and the EU remained as Macao's major export markets, together making up 66.5 percent of the total value of exports. Among this, exports to the USA, which made up 46.9 percent of the total value of exports, increased 21.2 percent, while exports to the EU, which took up 19.6 percent of the total, increased 86.4 percent over the same period of 2005.
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