Macao Balance Commerciale

Macau’s trade deficit narrowed to MOP 9.4 billion in March 2025 from MOP 10 billion in the same month last year. Exports fell by 7.5% year-on-year to MOP 1.1 billion, with sales declining for both textiles and garments (-1.1%) and non-textiles (-8.5%), such as diamonds and diamond jewellery, and watches. Meanwhile, imports decreased by 6.2% to MOP 10.5 billion, primarily due to sharp declines in purchases of garments & footwear (-7.2%), gold jewellery (-8.9%), beauty and skincare products (-15.5%), handbags & wallets (-21.1%), and fuels & lubricants (-18%). In contrast, imports of food & beverages increased by 16.3%. For the January–March period, the trade deficit narrowed to MOP 26.8 billion from MOP 28.8 billion, as exports rose by 6.1% while imports fell by 5.6%.