Macau's trade deficit widened to MOP 7.03 billion in February 2021 from MOP 2.96 billion a year earlier. Year-on-year, exports dropped by 16.8 percent to MOP 729 billion, dragged down by sales of textiles & garments (-58.4 percent) and non-textiles (-10.3 percent). Simultaneously, imports surged 102.8 percent, having more than doubled to MOP 7.76 billion mainly due to an increase in purchases of gold jewellery (640.5 percent), mobile phones (528.8 percent), handbags & wallets (417.7 percent) and garments & footwear (191.0 percent). 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 April 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 -6940000.00 in 12 months time. 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.