Macau's trade deficit widened sharply to MOP 12.47 billion in November 2020 from MOP 7.53 billion a year earlier. It was the new largest trade gap on record, as exports plunged while imports surged, amid sluggish global demand. Year-on-year, exports slumped 15.7 percent to MOP 0.96 billion, mainly dragged by re-exports (-16.6 percent). Meanwhile, imports jumped 56.6 percent to MOP 13.43 billion, driven by beauty, cosmetics/skincare products (381.1%), perfumes (181.7%) and handbags & wallets (78.6%) while those of fuels & lubricants slumped by 36.1%. Considering the first eleven months of the year, exports tumbled 17.9 percent from a year earlier to MOP 9.60 billion, while imports fell 0.5 percent to MOP 80.80 billion, bringing a trade gap of MOP 71.19 billion. source: Statistics and Census Service, Government of Macao SAR

Balance of Trade in Macau averaged -2814176.72 Thousand MOP from 1997 until 2020, reaching an all time high of 634540 Thousand MOP in July of 2000 and a record low of -8008621.97 Thousand MOP in December of 2014. 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 January of 2021.

Balance of Trade in Macau is expected to be -6980000.00 Thousand MOP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Macau to stand at -6980000.00 in 12 months time. In the long-term, the Macau Balance of Trade is projected to trend around -6940000.00 Thousand MOP in 2021, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Macau Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-12468600.00 -10766000.00 634540.00 -12468600.00 1997 - 2020 Thousand MOP Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-09-29 10:05 AM Aug MOP-7.73B MOP-6.24B MOP-3.8B
2020-10-29 10:20 AM Sep MOP-9.7B MOP-7.73B MOP -6B
2020-11-27 04:50 AM Oct MOP-10.77B MOP-9.7B MOP -8B
2020-12-31 03:15 AM Nov MOP-12.47B MOP-10.77B MOP-9B
2021-02-03 10:40 AM Dec MOP-12.47B
2021-02-28 05:25 AM Jan
2021-03-30 07:45 AM Feb
2021-04-29 10:50 AM Mar


News Stream
Macau Trade Gap Hits Record High
Macau's trade deficit widened sharply to MOP 12.47 billion in November 2020 from MOP 7.53 billion a year earlier. It was the new largest trade gap on record, as exports plunged while imports surged, amid sluggish global demand. Year-on-year, exports slumped 15.7 percent to MOP 0.96 billion, mainly dragged by re-exports (-16.6 percent). Meanwhile, imports jumped 56.6 percent to MOP 13.43 billion, driven by beauty, cosmetics/skincare products (381.1%), perfumes (181.7%) and handbags & wallets (78.6%) while those of fuels & lubricants slumped by 36.1%. Considering the first eleven months of the year, exports tumbled 17.9 percent from a year earlier to MOP 9.60 billion, while imports fell 0.5 percent to MOP 80.80 billion, bringing a trade gap of MOP 71.19 billion.
2020-12-31
Macau Posts Largest Trade Gap on Record
Macau's trade deficit widened sharply to MOP 10.77 billion in October 2020 from MOP 7.54 billion a year earlier. It was the new largest trade gap on record, as exports plunged while imports surged, amid sluggish global demand. Year-on-year, exports slumped 32.4 percent to MOP 0.79 billion, mainly dragged by re-exports (-35 percent). Meanwhile, imports jumped 32.9 percent to MOP 11.56 billion, driven by beauty, cosmetics/skincare products (312%), handbags & wallets (76.1%) and garments & footwear (29.6%) while those of mobile phones slumped by 56.8%. Considering the first ten months of the year, exports tumbled 18.1 percent from a year earlier to MOP 8.65 billion, while imports dropped 7.1 percent to MOP 67.5 billion, bringing a trade gap of MOP 58.8 billion.
2020-11-27
Macau Posts Largest Trade Gap on Record
Macau's trade deficit widened to MOP 9.72 billion in September 2020 from MOP 6.50 billion a year earlier. It was the largest trade gap since the series began in 1997, as exports fell while imports surged, amid sluggish global demand. Year-on-year, exports dropped 9.1 percent to MOP 0.93 billion, dragged by re-exports (-14.4 percent) while domestic exports surged by 24.9 percent. Meanwhile, imports jumped 42.4 percent to MOP 10.65 billion, driven by beauty, cosmetics/skincare products (532.5%), perfumes (206.1%) and handbags & wallets (47.6%) while those of fuels and lubricants slumped by 33%. Considering the first nine months of the year, exports plunged 16.2 percent from a year earlier to MOP 7.87 billion, while imports dropped 12.4 percent to MOP 56 billion, bringing a trade gap of MOP 48.12 billion.
2020-10-29
Macau Trade Surplus Largest in 8 Months
Macau's trade deficit widened to MOP 7.73 billion in August 2020, the largest since last December, from MOP 6.50 billion a year earlier. Year-on-year, exports fell 5.3 percent to MOP 0.88 billion, dragged by domestic exports (-13.9 percent) and re-exports (-3.8 percent). Meanwhile, imports jumped 16.0 percent to MOP 8.61 billion, driven by beauty, cosmetics/skincare products (383.2%), mobile phones (83.3%), while those of food and beverages slumped by 18.1%. Purchases rose from Japan (145.3%), the US (233.1%) and the EU (17.8%). Considering the first eight months of the year, exports plunged 17.2 percent from a year earlier to MOP 6.93 billion, while imports tumbled 19.6 percent to MOP 45.35 billion, bringing a trade gap of MOP 38.42 billion.
2020-09-29

Macau Balance of Trade
Macau’s trade deficits have been rising in recent years as a result of declining exports and rising imports. Macau mostly exports clothing and textiles, tobacco and wine, machinery and transport equipment, copper, watches, diamond jewellery, office machines and telecommunication equipment. Macau imports food and beverages, gold jewellery, mobile phones, watches, hand bags, vehicles, footwear and portable computers. Macau’s main trading partners are China, the United States, Japan, Hong-Kong, Singapore, Germany and Taiwan. .