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Macao registers trade deficit of over $3 bln in 2008
Source: Xinhua Date: 2009-02-09
MACAO, Feb. 4-- Macao Special Administrative Region (SAR) recorded a trade deficit of 27.01 billion patacas (3.4 billion U.S. dollars) for the whole of 2008, with the exports/imports ratio decreasing from 47.4 percent in 2007 to 37.2 percent, according to the figures released on Wednesday by the SAR's Statistics and Census Service (DSEC).
The DSEC figures showed that the value of merchandise exports to the Chinese mainland, the United States and the European Union decreased by 35.1 percent, 22.8 percent, and 57.3 percent respectively year-on-year, but that to Hong Kong rose by 18.3 percent in 2008.
The value of Textile and garment exports declined by 31.7 percent year-on-year, which accounted for 57.1 percent of the total exports of goods in 2008. The value of Non-textile exports dropped by 2.2 percent, with exports of Machines and apparatus, parts and accessories and Footwear falling by 45.2 percent and 65.6 percent year-on-year respectively, but exports of Image and sound appliances rising by 45.1 percent, according to the figures.
Meanwhile, the total value of imports from the mainland and Hong Kong amounted to 21.29 billion patacas (2.7 billion dollars), accounting for 49.4 percent of the total in 2008.
In terms of broad economic categories, the value of imports of fuels and lubricants and consumer goods expanded by 16.2 percent and 13 percent respectively year-on-year, but that of raw materials and semi-manufactures and capital goods decreased by 19 percent and 10.6 percent respectively.
The DSEC figures showed that the value of merchandise exports to the Chinese mainland, the United States and the European Union decreased by 35.1 percent, 22.8 percent, and 57.3 percent respectively year-on-year, but that to Hong Kong rose by 18.3 percent in 2008.
The value of Textile and garment exports declined by 31.7 percent year-on-year, which accounted for 57.1 percent of the total exports of goods in 2008. The value of Non-textile exports dropped by 2.2 percent, with exports of Machines and apparatus, parts and accessories and Footwear falling by 45.2 percent and 65.6 percent year-on-year respectively, but exports of Image and sound appliances rising by 45.1 percent, according to the figures.
Meanwhile, the total value of imports from the mainland and Hong Kong amounted to 21.29 billion patacas (2.7 billion dollars), accounting for 49.4 percent of the total in 2008.
In terms of broad economic categories, the value of imports of fuels and lubricants and consumer goods expanded by 16.2 percent and 13 percent respectively year-on-year, but that of raw materials and semi-manufactures and capital goods decreased by 19 percent and 10.6 percent respectively.
