Macau Trade Gap Widens in August

Macau’s trade deficit widened to MOP 10.1 billion in August 2026, from MOP 8.5 billion in the corresponding month last year. Imports soared 18.4% year-on-year to MOP 11.5 billion, driven by higher purchases of gold jewellery (64.6%), mobile phones (28.6%), watches (22.7%), construction materials (17.0%), and fuels and lubricants (15.8%). Among key trading partners, imports increased notably from China (50.7%), Italy (25.5%), and Hong Kong (25.6%). Meanwhile, exports rose 10.8% to MOP 1.4 billion, supported by increased shipments of diamond and diamond jewellery (45.8%) and machines, apparatus and parts (7.3%). Exports to key destinations increased notably to Hong Kong (29.0%), the United States (40.8%), and India (112.6%). During the January-August period, Macau’s trade deficit rose to MOP 86.0 billion from MOP 70.3 billion in the same period last year.

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.