Macau Trade Deficit Widens in May

Macau’s trade deficit widened to MOP 10 billion in July 2026, from MOP 8.9 billion in the corresponding month last year. Imports rose 13.4% year-on-year to MOP 11.5 billion, driven by higher purchases of gold jewellery (55.8%) and garments and footwear (4.0%), while imports of food and beverages declined 6.2%, although the category remained the main import product. Among key trading partners, imports increased notably from China (48.6%), Hong Kong (60.6%), and Italy (44.7%). Meanwhile, exports rose 13.6% to MOP 1.5 billion, supported by increased shipments of knitted or crocheted garments (19%), diamond and diamond jewellery (15%), and machines, apparatus and parts (59.1%). Export destinations recorded notable grew to Hong Kong (24.8%), the United States (20.1%), and India (191.6%). During the January-July period, Macau’s trade deficit rose to MOP 77.3 billion from MOP 42.1 billion in the same period last year.

Macau’s trade deficit widened to MOP 10.9 billion in June 2026 from MOP 8.8 billion in the same month a year earlier. Imports rose 24.4% year-on-year to MOP 12.1 billion, driven by stronger purchases of gold and jewellery (79.1%) and mobile phones (46.8%), while imports of food and beverages declined 13.4%. During the January–June period, imports increased notably from China (40.8%), France (10.9%), Italy (9.6%), Hong Kong (7.1%), and Japan (5.8%). Meanwhile, exports climbed 32.7% to MOP 1.3 billion, supported by higher re-exports of diamonds and diamond jewellery (47.3%) as well as domestic exports of copper and related articles (16.5%), while pharmaceutical products and organic chemicals fell by 12.3%. During the January–June period, exports also grew to Hong Kong (72.7%), China (10.9%), and the United States (1.6%). In the first half of 2026, Macau recorded a cumulative trade deficit of MOP 66.1 billion, compared with MOP 46.1 billion in the same period a year earlier.

Macau's trade deficit widened to MOP 10.79 billion in May 2026, up by MOP 1.97 billion from the same month in the previous year. Exports increased 33.9% year-on-year to MOP 1.415 billion, with re-exports which account for about 91% of total exports, also rising 35.8%. Sales increased the most for non-textiles, particularly for diamond & diamond jewellery (62.0%), travel goods and handbags (42.2%), and watches (16.5%). Meanwhile, domestic exports went up by 17.7%, led by copper & articles thereof (59.4%). Most exports went to Hong Kong and China. Imports increased 23.6% to MOP 12.20 billion, with purchases of gold jewellery jumping 32.1% while those of food & beverages declined 7.3%. Most purchases came from China and the EU. Considering the first four months of 2026, merchandise exports and imports rose by 22.6% and 25.2% respectively year-on-year. The trade deficit increased by MOP 11.27 billion from same period last year.