Macau’s trade deficit widened to MOP 10.6 billion in December 2025, up from MOP 10.1 billion a year earlier. Exports climbed 11% to MOP 1.2 billion, supported by stronger shipments in machinery and transport equipment (47.4%), food and live animals (27.1%), and miscellaneous manufactured articles (8.2%). Shipments expanded to France (29.8%), China (13.5%), and Hong Kong (12.2%). Meanwhile, imports increased by 5.9% to MOP 11.8 billion, driven by higher purchases of raw materials and semi-manufactured products (18.7%), consumer goods (5.9%), and capital goods (2.9%). Imports rose from South Korea (18.1%), Germany (14.7%), Thailand (12.7%), and Brazil (11.1%). For full-year 2025, Macau’s trade deficit reached MOP 110.9 billion, with exports rising 3.2%, while imports declined by 1.8%. source: Statistics and Census Service, Government of Macao SAR

Macau recorded a trade deficit of 10609144 Thousand MOP in December of 2025. Balance of Trade in Macau averaged -4238927.06 Thousand MOP from 1997 until 2025, reaching an all time high of 634540.00 Thousand MOP in July of 2000 and a record low of -14558270.00 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 February of 2026.

Macau recorded a trade deficit of 10609144 Thousand MOP in December of 2025. Balance of Trade in Macau is expected to be -9440000.00 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 -11250000.00 Thousand MOP in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-30 08:15 AM
Balance of Trade
Nov MOP -10.1B MOP -9.9B MOP -11.0B
2026-01-30 09:00 AM
Balance of Trade
Dec MOP -10.6B MOP -10.1B MOP -10.1B
2026-02-26 09:00 AM
Balance of Trade
Jan MOP -10.6B


Related Last Previous Unit Reference
Balance of Trade -10609144.00 -9965355.00 Thousand MOP Dec 2025
Current Account 144279.70 115437.60 MOP Million Dec 2024
Exports 1172031.75 1141346.50 Thousand MOP Dec 2025
Foreign Direct Investment -4568.70 -9293.23 MOP Million Dec 2024
Imports 11781176.00 11106701.00 Thousand MOP Dec 2025
Terms of Trade 99.80 99.70 points Sep 2025
Tourism Revenues 21875.00 20382.00 MOP Million Dec 2025
Tourist Arrivals YoY 3580130.00 3345683.00 Dec 2025


Macau Balance of Trade
Macau’s trade deficits have been rising in recent years as a result of declining exports and rising imports. Macau mostly exports clothing and textiles, tobacco and wine, machinery and transport equipment, copper, watches, diamond jewellery, office machines and telecommunication equipment. Macau imports food and beverages, gold jewellery, mobile phones, watches, hand bags, vehicles, footwear and portable computers. Macau’s main trading partners are China, the United States, Japan, Hong-Kong, Singapore, Germany and Taiwan..
Actual Previous Highest Lowest Dates Unit Frequency
-10609144.00 -9965355.00 634540.00 -14558270.00 1997 - 2025 Thousand MOP Monthly

News Stream
Macau Trade Deficit Widens in December
Macau’s trade deficit widened to MOP 10.6 billion in December 2025, up from MOP 10.1 billion a year earlier. Exports climbed 11% to MOP 1.2 billion, supported by stronger shipments in machinery and transport equipment (47.4%), food and live animals (27.1%), and miscellaneous manufactured articles (8.2%). Shipments expanded to France (29.8%), China (13.5%), and Hong Kong (12.2%). Meanwhile, imports increased by 5.9% to MOP 11.8 billion, driven by higher purchases of raw materials and semi-manufactured products (18.7%), consumer goods (5.9%), and capital goods (2.9%). Imports rose from South Korea (18.1%), Germany (14.7%), Thailand (12.7%), and Brazil (11.1%). For full-year 2025, Macau’s trade deficit reached MOP 110.9 billion, with exports rising 3.2%, while imports declined by 1.8%.
2026-01-30
Macau Trade Deficit Narrows Slightly in November
Macau’s trade deficit narrowed modestly to MOP 10.1 billion in November 2025, from MOP 10.3 billion a year earlier. Exports rose 0.9% year-on-year to MOP 1.1 billion, supported by stronger shipments of non-textiles (+7.5%), particularly machinery, apparatus and parts (+97.5%), as well as travel goods & handbags (+26.3%). Outbound shipments expanded to China (+47.2%) and the EU (+10.6%), but fell sharply to the US (-54.8%), Philippines (-44.8%) and India (-26.3%). Imports slipped 2.0% to MOP 11.2 billion, weighed down by lower purchases of food and beverages (-8.7%) and garments & footwear (-1.4%). By origin, imports fell from the US (-15.1%), China (-0.6%) and Switzerland (-14.8%), while rising from the EU (+2.2%). For the first eleven months of 2025, Macau’s trade deficit totaled MOP 100.5 billion, with exports up 2.5% and imports down 3.7%.
2025-12-30
Macau Trade Deficit Narrows Slightly
Macau's trade deficit narrowed slightly to MOP 9.92 billion in October 2025 from MOP 9.94 billion in the same month last year. Exports rose by 7.9% year-on-year to MOP 1.3 billion, driven by higher sales of non-textiles (+4.0%), particularly machinery, apparatus and parts (+6.3%), as well as watches (+27.3%). Outbound shipments increased sharply to China (+92.7%), followed by the EU (+34.0%) and the Philippines (+27.1%). Meanwhile, imports grew by 0.7% to MOP 11.2 billion, supported by higher purchases of food and beverages (+4.8%) and gold jewellery (+11.7%). By origin, imports rose from Hong Kong (+13.1%), China (+7.6%) and Switzerland (+2.9%), but declined from the EU (-1.7%). In the first ten months of 2025, Macau’s trade deficit narrowed to MOP 90.7 billion from MOP 94.8 billion, as exports increased 2.7% while imports fell 3.5%.
2025-12-01