Macau's trade deficit widened to MOP 6.24 billion in July 2020, the largest since January, from MOP 6.06 billion a year earlier. Year-on-year, exports rose 2.5 percent to MOP 1.07 billion, driven by domestic exports (24.9 percent), while re-exports declined (-0.5%). Meanwhile, imports increased at a faster 3.0 percent to MOP 7.31 billion, driven by beauty, cosmetics/skincare products (238.1%), mobile phones (90.2%), and construction materials (107.8%), but those of food and beverages plunged by 35.2%. Purchases rose from Japan (72.8%), the US (154.5%) and France (51.7%). Considering the first seven months of the year, exports dropped 17.0 percent from a year earlier to MOP 6.18 billion, while imports plunged 24.7 percent to MOP 36.89 billion, bringing a trade gap of MOP 30.71 billion.
Balance of Trade in Macau averaged -2814176.72 Thousand MOP from 1997 until 2020, reaching an all time high of 634540 Thousand MOP in July of 2000 and a record low of -8008621.97 Thousand MOP in December of 2014. 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 September of 2020.
Balance of Trade in Macau is expected to be -6000000.00 Thousand MOP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Macau to stand at -6980000.00 in 12 months time. In the long-term, the Macau Balance of Trade is projected to trend around -6940000.00 Thousand MOP in 2021, according to our econometric models.