Macau's trade deficit widened to MOP 10.12 billion in March 2021 from MOP 3.12 billion a year earlier. Year-on-year, exports went up 26.7 percent to MOP 1.30 billion, attributed to a 28.0 percent jump in re-exports and a 19.0 percent rise in domestic sales. Shipments from Macau mainly increased for machines, apparatus & parts (67.9 percent); watches (107.5 percent); and diamonds & diamond jewellery (74.9 percent). Meanwhile, imports surged 175.2 percent to MOP 11.42 billion, driven by garments & footwear (217.6 percent); mobile phones (803.0 percent); food & beverages (28.6 percent); beauty, cosmetics & skincare products (586.6 percent); and watches (449.8 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 May 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.