Macau Trade Deficit Narrows Slightly in November

2025-12-30 08:38 By Dongting Liu 1 min. read

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%.



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Macau Trade Deficit Widens in December
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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%.
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Macau Trade Deficit Narrows Slightly
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