Information from the Statistics and Census Service indicates that, in July 2006, Macao’s total value of exports amounted to MOP2.00 billion, up 8.7% over the same month of 2005. Among this, the value of domestic exports surged 10.8% to MOP1.51 billion and the value of re-exports rose 2.8% to MOP488 million. Value of imports amounted to MOP3.15 billion, up 8.5% over the same period of 2005. A trade deficit of MOP1.16 billion was recorded this month. During the period of January – July 2006, the value of total exports increased 33.8% year-on-year to MOP12.34 billion. In addition, both the values of domestic exports and re-exports increased 45.5% and 9.5% respectively. Moreover, the value of imports amounted to MOP20.54 billion, up 25.7% over the same period of 2005. In the first seven months of 2006, Macao’s trade balance registered a deficit of MOP8.20 billion. During this period, the exports/imports ratio increased from 56.4% in the corresponding period of 2005 to 60.1%. In the first seven months of 2006, the value of Textile & garment exports, which accounted for 74.8% of the total exports, grew 35.4% over the same period of 2005. In addition, the value of Non-textile exports also rose 29.3%. As the major components of non-textile exports, Machines & apparatus, parts & accessories thereof and Footwear both expanded 9.2% and 313.3% respectively year-on-year. The USA and the EU remained as Macao’s major export markets, together making up 67.2% of the total value of exports. Among this, exports to the USA, which made up 47.5% of the total value of exports, increased 33.2% over the same period of 2005; exports to the EU, which made up 19.7% of the total value of exports, also increased 133.0% over the same period of 2005. During the period of January – July 2006, Macao’s total value of imports grew 25.7% year-on-year, mainly due to the increase in the value of imports by broad economic categories, namely Fuels & lubricants (42.6%), Consumer goods (29.2%), Raw materials & semi-manufactures (23.0%) and Capital goods (15.2%). Meanwhile, Macao’s main suppliers of imported goods still concentrated in the Asian region. Imports from Mainland China and Hong Kong together constituted 55.7% of the total value of imports. Compared with the same period of 2005, the value of imports from Mainland China and Hong Kong rose 38.4% and 30.0% respectively.
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