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DECREASING TEXTILE, GARMENT EXPORTS DRIVE DOWN MACAO'S EXPORTS.

AsiaPulse News

| January 01, 2008 | COPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MACAO, Jan 1 Asia Pulse - Macao's total export value during the first 11 months of 2007 dropped by 1.4 per cent year-on-year, as its textile and garment export value, accounting for 65.4 per cent of the total, decreased by 11 per cent, according to official statistics released on Monday.

Information from the government's Statistics and Census Service(SCS) indicated that the total export value amounted to 18.6 billion patacas (US$2.3 billion) during the January to November period, while the value of imports grew by 18.5 per cent to 39.29 billion patacas, bringing about a trade deficit of 20.68 billion patacas.

Although textile and garment exports dropped between January and November, the value of ...

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