Macau’s trade deficit widened to MOP 11.16 billion in August of 2021 from MOP 7.69 billion a year earlier. Imports soared by 42.6 percent year-on-year to MOP 12.23 billion, mainly boosted by purchases of mobile phones (297.6%), food & beverages (34.5%), garments & footwear (75.3%), watches (148.2%), handbags & wallets (151.5%), gold jewellery (249.7%), fuels & lubricants (31.7%), and construction materials (118%). Meanwhile exports advanced at a slower 20.1 percent to MOP 1.06 billion, driven by a 54.5 percent surge in domestic exports and a 15 percent growth in re-exports. Sales mainly increased for textiles & garment (59%); machines, apparatus & parts (62.6%) and electronic components (36.8%) but fell for watches (-5.4%) and diamond & diamond jewellery (-17.5%). Considering the first eight months of 2021, Macau’s trade deficit widened to MOP 92.45 billion from MOP 38.28 billion a year earlier. source: Statistics and Census Service, Government of Macao SAR
Balance of Trade in Macau averaged -3196883.92 Thousand MOP from 1997 until 2021, reaching an all time high of 634540 Thousand MOP in July of 2000 and a record low of -14577844.44 Thousand MOP in May of 2021. This page provides - Macao Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macau Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Balance of Trade in Macau is expected to be -6980000.00 Thousand MOP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Macau Balance of Trade is projected to trend around -6940000.00 Thousand MOP in 2022, according to our econometric models.