Macau Balança Comercial

Macau’s trade deficit narrowed to MOP 9.0 billion in May 2025, from MOP 9.5 billion in the same month last year. Exports rose 2.3% year-on-year to MOP 1.1 billion, mainly driven by a 3.3% increase in non-textile sales, including notable gains in watches (+21.6%) and diamonds and diamond jewellery (+8.8%). In contrast, shipments of textiles and garments declined 5.7%. Imports fell 4.5% to MOP 10.1 billion, with most major categories contributing to the decline, particularly mobile phones (-30.0%), construction materials (-27.1%), watches (-15.0%), handbags and wallets (-23.9%), fuels and lubricants (-13.4%), and food and beverages (-5.6%). Conversely, the only notable increases were in gold jewellery (+21.9%) and beauty and personal care products (+7.3%). For January–May, the trade deficit narrowed to MOP 45.0 billion from MOP 48.1 billion a year earlier, as exports rose 2.3% and imports declined 5.5%. Exports to the United States grew 7.4%, while imports from the US dropped 19.6%.