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.
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 September of 2020.
Balance of Trade in Macau is expected to be -6000000.00 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.