Macau’s trade deficit expanded to MOP 11 billion in September of 2021 from MOP 9.6 billion a year earlier. Imports soared by 13.3 percent year-on-year to MOP 12 billion, mainly boosted by purchases of beauty, cosmetic and skincare products (87.1%); food and beverages (33.4%); garments and footwear (122.9%); watches (271.8%), and mobile phones (610.5%). Meanwhile, exports rose at a softer 5.8 percent to MOP 0.98 billion, driven by a 15 percent surge in domestic exports and 4 percent growth in re-exports. Sales mainly increased for non-textiles items (31.7%), particularly, machines, apparatus and parts (58.1%), watches (65.9%), diamond jewellery (73.5%) and electronic components (41.3%). source: Statistics and Census Service, Government of Macao SAR
Balance of Trade in Macau averaged -3223211.58 Thousand MOP from 1997 until 2021, reaching an all time high of 634540 Thousand MOP in July of 2000 and a record low of -14577844.44 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 November of 2021.
Balance of Trade in Macau is expected to be -6940000.00 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 -6940000.00 Thousand MOP in 2022, according to our econometric models.