Macau's trade deficit narrowed sharply to MOP 2.96 billion in February 2020 from MOP 4.64 billion a year earlier. This was the smallest trade gap since April 2010, as exports fell less than imports. Year-on-year, exports dropped 1.4 percent to MOP 0.91 billion, mainly driven by re-exports (-0.8%), as diamond & diamond jewellery slumped by 48 percent. Meanwhile, imports declined at a faster 30.3 percent to MOP 3.87 billion, weighed down by food & beverages (-6.5%), garments & footwear (-49.0%), fuels & lubricants (-15.8%), and beauty, cosmetic/skin-care products (-42.8%). Purchases fell from China (-24.9%), Hong Kong (-59.5%), and Japan (-27%). Considering the first two months of the year, exports tumbled 16.0 percent from a year earlier to MOP 2.06 billion, while imports plunged 14.1 percent to MOP 12.32 billion, bringing a trade gap of MOP 10.26 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 April 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.