Macau Statistics and Census Service specified that in October 2005, Macao's total value of exports amounted to MOP2.14 billion, up 13.2 percent over the same month of 2004.
Among this, the value of domestic exports increased 9.7 percent to MOP1.60 billion and the value of re-exports rose 25.1 percent to MOP537 million. Value of imports amounted to MOP3.08 billion, up 29.0 percent over the same period of 2004. A trade deficit of MOP940 million was recorded this month.
During the period of January - October 2005, the value of total exports decreased 17.2 percent year-on-year to MOP15.51 billion. Among this, the value of domestic exports decreased 22.7 percent, whereas the value of re-exports went up 1.1 percent.
Meanwhile, the value of imports amounted to MOP25.30 billion, up 10.8 percent over the same period of 2004. In the first ten months of 2005, Macao's trade balance registered a deficit of MOP9.79 billion. During this period, the exports/imports ratio decreased from 82.1 percent in the corresponding period of 2004 to 61.3 percent.
In the first ten months of 2005, the value of Textile & garment exports, which accounted for 77.1 percent of the total exports, decreased 20.4 percent over the same period of 2004. Moreover, the value of Non-textile exports also dropped 4.2 percent.
As the major components of non-textile exports, Machines & apparatus, parts & accessories thereof expanded 14.0 percent, whereas Footwear fell 91.3 percent year-on-year.
