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.