Information from the Statistics and Census Service indicated that Macao’s total value of exports amounted to MOP1.83 billion in December 2007, up by 14.6% over the same month of 2006. Among this, domestic exports went up by 27.2% to MOP1.27 billion, while re-exports decreased by 6.5% to MOP559 million. Total value of imports amounted to MOP3.77 billion, up by 11.5% over December 2006. A trade deficit of MOP1.95 billion was recorded for December 2007. For 2007 as a whole, total exports dropped slightly by 0.2% over 2006 to MOP20.43 billion, of which domestic exports fell by 6.0% whereas re-exports rose by 13.6%. Meanwhile, imports grew by 18.0% to MOP43.11 billion, bringing about a trade deficit of MOP22.68 billion. The exports/imports ratio decreased from 56.0% in 2006 to 47.4%. The value of Textile & garment exports in 2007, which accounted for 65.6% of the total exports, decreased by 8.6% over 2006; nevertheless, the value of Non-textile exports rose by 21.3%, of which Machines & apparatus, parts & accessories thereof expanded by 56.2% while Footwear fell by 1.7%. The USA and the EU remained the major destinations of Macao’s exports, together making up 58.8% of the total value of exports; however, the values of exports to the USA and the EU decreased by 8.1% and 6.9% respectively over 2006. Macao’s main suppliers of imported goods concentrated in the Asian region. Imports from Mainland China and Hong Kong, comprising 52.7% of the total value of imports, rose by 11.6% and 17.0% respectively compared with 2006. In terms of broad economic categories, the values of imports of Capital goods, Consumer goods and Fuels & lubricants rose by 37.3%, 26.4% and 22.8% respectively over 2006, whereas the imports of Raw materials & semi-manufactures registered a decrease of 4.2%.
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