Textile & garment exports increase in Jan-April 2006
03 Jun '06
3 min read
Information from the Statistics and Census Service indicates that, in April 2006, Macao's total value of exports amounted to MOP1.65 billion, up 45.0 percent over the same month of 2005.
Among this, the value of domestic exports surged 74.6 percent to MOP1.11 billion and the value of re-exports rose 7.5 percent to MOP540 million. Value of imports amounted to MOP3.13 billion, up 30.6 percent over the same period of 2005. A trade deficit of MOP1.48 billion was recorded this month.
During the period of January – April 2006, the value of total exports increased 38.5 percent year-on-year to MOP6.42 billion. In addition, both the values of domestic exports and re-exports went up 53.3 percent and 10.1percent respectively.
Moreover, the value of imports amounted to MOP10.83 billion, up 29.1 percent over the same period of 2005. In the first four months of 2006, Macao's trade balance registered a deficit of MOP4.41 billion. During this period, the exports/imports ratio increased from 55.2 percent in the corresponding period of 2005 to 59.3 percent.
In the first four months of 2006, the value of Textile & garment exports, which accounted for 75.1 percent of the total exports, increased 44.4 percent over the same period of 2005. In addition, the value of Non-textile exports also rose 23.3 percent.
As the major components of non-textile exports, Machines & apparatus, parts & accessories thereof and Footwear both expanded 8.4 percent and 113.6 percent respectively year-on-year.
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