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Macao's Export Down 36.5 Pct in Feb.
2005-4-4 21:44:17      CRIENGLISH.com
Macao's total export value amounted to 793 million patacas (99 million US dollars) in February, down 36.5 percent over the same month of 2004.
Figures released by the Statistics and Census Service on Monday suggested that the value of domestic exports decreased 42 percent to 529 million patacas (66 million US dollars), and the value of re-exports also went down 21.6 percent to 264 million patacas (33 million US dollars) in February.

The statistics showed that in the first two months of 2005, the value of textile and garment exports, which accounted for 73.8 percent of total exports, decreased 16.1 percent over the same period of 2004. Moreover, the value of non-textile exports also went down 4.3 percent.

America and the EU remained as Macao's major export markets, together making up 62 percent of the total export value.

Among this,exports to the United States, which made up 46.5 percent of the total export value, decreased 4.9 percent in value over the same period of 2004, while exports to the EU also decreased 51.5 percent during the period.

(Source:People's Daily)

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