Macau’s trade deficit widened sharply to MOP 14.27 billion in July of 2021 from MOP 6.2 billion a year earlier. Imports soared by 112 percent year-on-year to MOP 15.4 billion, mainly boosted by purchases of mobile phones (654 percent); watches (311 percent); beauty, cosmetic and skincare products (89 percent); food & beverages (72 percent) and garments & footwear (106 percent). Meanwhile, exports advanced at a slower 5.2 percent to MOP 1.12 billion, driven by a 14 percent surge in domestic exports and 4 percent rise in re-exports. Sales mainly increased for machines, apparatus, & parts (67 percent); watches (20.7 percent) and electronic components (33.8 percent), but fell for textiles & garments (-14.2 percent) and diamond & diamond jewellery (-27.7 percent). Considering, the first seven months of 2021, Macau’s trade deficit widened to MOP 81.4 billion from MOP 30.6 billion a year ago. source: Statistics and Census Service, Government of Macao SAR
Balance of Trade in Macau averaged -3170115.11 Thousand MOP from 1997 until 2021, reaching an all time high of 634540 Thousand MOP in July of 2000 and a record low of -14591031.59 Thousand MOP in May of 2021. 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 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. 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.