Macau's trade deficit widened to MOP 12.68 billion in April 2021 from MOP 3.12 billion a year earlier. Year-on-year, exports surged 72 percent to MOP 1.06 billion, attributed to a 70 percent increase in re-exports and a 82 percent rise in domestic sales. Shipments from Macau mainly increased for machines, apparatus & parts (183 percent); watches (506 percent); diamond & diamond jewellery (119 percent); and textiles & garments (5 percent). Meanwhile, imports soared 266 percent to MOP 13.74 billion, driven by beauty, cosmetics & skincare products (1,137 percent); mobile phones (776 percent); watches (853 percent); gold jewellery (4,814 percent); and garments & footwear (312 percent). source: Statistics and Census Service, Government of Macao SAR
Balance of Trade in Macau averaged -3060061.79 Thousand MOP from 1997 until 2021, reaching an all time high of 634540 Thousand MOP in July of 2000 and a record low of -12681879.21 Thousand MOP in April 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 June 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 -7087734.60 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.