Macau Trade Gap Increases in April

Macau's trade deficit widened to MOP 11.761 billion in April 2026, up by MOP 2.64 billion from the same month in the previous year. Exports increased 20.9% year-on-year to MOP 1.359 billion, with re-exports which account for about 90% of total exports, also rising 20.9%. Sales increased the most for machines, apparatus and parts (25.3%), diamond & diamond jewellery (22.4%) and watches (21.7%). Meanwhile, domestic exports went up by 21.3%, led by copper & articles thereof (56.9%). Most exports went to Hong Kong and China. Imports increased 28% to MOP 13.12 billion, with purchases of gold jewellery jumping 39.4% while those of food & beverages declined 11.7%. Most purchases came from China and the EU. Considering the first four months of 2026, merchandise exports and imports rose by 20% and 25.7% respectively year-on-year. The trade deficit increased by MOP 9.36 billion to MOP 44.77 billion.

Macau’s trade deficit widened to MOP 11.6 billion in March 2026 from MOP 9.2 billion in the corresponding month a year earlier, as imports continued to outpace exports. Imports surged 26% year-on-year to MOP 13 billion, driven by stronger purchases of gold jewellery (36.6%), garments and footwear (12.8%), fuels and lubricants (25%), and mobile phones (111.1%). By origin, imports increased notably from China (76.8%), Hong Kong (86.2%), Italy (18.9%), the United States (23%), and Japan (1.3%). Meanwhile, exports rose 24.2% to MOP 1.4 billion, supported by higher shipments of machines, apparatus and parts (47.9%), diamond and diamond jewellery (94.8%), and travel goods and handbags (34%). Exports also expanded to China (64%), Hong Kong (22.4%), Italy (78.4%), Vietnam (565.8%), and Singapore (67%). For the first quarter of 2026, Macau’s trade deficit widened to MOP 33.1 billion from MOP 26.3 billion in the same period last year, as exports increased 19.7% while imports climbed 25.1%.

Macau’s trade deficit widened to MOP 9.9 billion in February 2026 from MOP 7.7 billion in the same month a year earlier. Imports surged 25.9% year-on-year to MOP 11.2 billion, led by higher purchases of gold jewellery (87%), mobile phones (101.1%), construction materials (35%), and garments and footwear (11.4%). By source, imports rose from China (71.3%), Hong Kong (139%), Italy (8.8%), the United States (8.9%), and Switzerland (6.8%). Meanwhile, exports increased 7.1% to MOP 1.3 billion, supported by increased shipments of machines, apparatus & parts (202.5%) and non-textiles (8.3%). Exports to China (494.3%), Italy (524.3%), Germany (42.1%), the United States (68.8%), Singapore (25.1%), and Vietnam (76.6%) all expanded. For the first two months of 2026, Macau’s trade deficit reached MOP 21.6 billion, with exports up 17.6% and imports rising 25.1%.