Core Insights - In January 2026, Macau's total goods exports and imports reached MOP 1.46 billion and MOP 13.16 billion respectively, marking year-on-year increases of 29.2% and 24.6% [1] - The total external merchandise trade amounted to MOP 14.62 billion, with a trade deficit of MOP 11.71 billion [1] Export Analysis - Re-exports in January were valued at MOP 1.3 billion, showing a growth of 29.8% compared to January 2025, with significant increases in watches (68.5%) and diamonds and diamond jewelry (32.0%), while beauty and skincare products saw a decline of 23.5% [1] - Local product exports rose to MOP 0.16 billion, up 24.2%, driven by increases in copper and its products (57.7%) and pharmaceuticals and organic chemicals (13.2%), while clothing exports fell by 63.4% [1] - Non-textile exports increased by 35.2% to MOP 1.36 billion, whereas textile and clothing exports decreased by 20.4% to MOP 0.1 billion [1] Import Analysis - Total goods imports rose by 24.6%, with notable increases in mobile phones (1.8 times) and gold jewelry (48.9%) [1] - Imports from mainland China (MOP 4.75 billion), Hong Kong (MOP 0.87 billion), and the EU (MOP 3.72 billion) increased by 50.4%, 33.1%, and 8.0% respectively [2] - Consumer goods imports grew by 13.6% to MOP 9.2 billion, with food and beverages (MOP 2.19 billion), gold jewelry (MOP 1.59 billion), and clothing and footwear (MOP 1.38 billion) increasing by 4.5%, 48.9%, and 17.5% respectively [2]

Core Insights - Macau's total export value for 2025 is projected to increase by 3.2% year-on-year to MOP 13.92 billion, with re-exports rising by 3.8% to MOP 12.46 billion, while local product exports decrease by 1.8% to MOP 1.46 billion [1] - Total import value is expected to decline by 3.0% to MOP 124.79 billion, resulting in a trade deficit of MOP 110.86 billion [1] - Exports to mainland China and Hong Kong are expected to rise significantly, with increases of 57.5% to MOP 1.18 billion and 3.7% to MOP 9.96 billion respectively, while exports to the US and EU are projected to decrease by 9.0% and 6.6% [1] Export and Import Analysis - Non-textile exports are anticipated to rise by 5.0% to MOP 12.56 billion, while textile and garment exports are expected to decline by 10.5% to MOP 1.36 billion [1] - Imports from the EU are projected to decrease by 4.7% to MOP 35.84 billion, while imports from mainland China and Hong Kong are expected to increase by 0.5% to MOP 39.65 billion and 9.8% to MOP 7.08 billion respectively [2] - Consumer goods imports are forecasted to decline by 1.4% to MOP 89.86 billion, with notable decreases in clothing and footwear by 4.7% to MOP 12.28 billion, while gold jewelry is expected to increase by 13.6% to MOP 11.66 billion [2] Monthly and Quarterly Trends - In December 2025, total export value is expected to reach MOP 1.17 billion, marking an 11.0% year-on-year increase, with re-exports rising by 11.8% [2] - The total import value for December is projected to increase by 5.9% to MOP 11.78 billion, driven by significant increases in gold jewelry and mobile phones by 42.6% and 31.1% respectively [2] - For Q4 2025, export and import values are expected to rise by 6.7% to MOP 3.61 billion and 1.0% to MOP 34.06 billion respectively, resulting in a trade deficit of MOP 30.45 billion [3]

Group 1 - In July 2025, the total value of goods exported from Macau reached 1.29 billion MOP, an increase of 8.8% year-on-year, while imports totaled 10.29 billion MOP, a decrease of 1.9%, resulting in a trade deficit of 9.0 billion MOP [1] - The re-export value in July was 1.15 billion MOP, with a growth rate of 9.9%, driven by a significant increase in diamonds and diamond jewelry by 93.5%, while beauty and skincare products and garments saw declines of 47.2% and 34.1% respectively [1] - For the first seven months of the year, total export value was 7.91 billion MOP, up 1.6% year-on-year, while re-exports increased by 2.0% to 7.07 billion MOP, and local product exports decreased by 1.5% to 0.85 billion MOP; total imports fell by 4.6% to 70.67 billion MOP, leading to a trade deficit of 62.75 billion MOP [1] Group 2 - From January to July, exports to mainland China, Hong Kong, and the United States increased by 3.9%, 8.2%, and 2.2% respectively, while exports to the European Union decreased by 14.9% [2] - Non-textile exports rose by 2.5% to 7.08 billion MOP, while textile and garment exports fell by 5.7% to 0.84 billion MOP [2] - Imports from mainland China and the European Union decreased by 3.1% and 7.1% respectively, while imports from Japan increased by 0.5%; total imports of consumer goods fell by 3.4% to 51.36 billion MOP, with garments and footwear decreasing by 7.2% [2]

Core Insights - Macau's total external merchandise trade in the first half of 2025 amounted to 67.2 billion MOP, a decrease of 4.3% compared to the same period last year [1] - Total exports increased by 0.3% to 6.63 billion MOP, with re-exports rising by 0.6% to 5.91 billion MOP, while local product exports fell by 1.9% to 0.71 billion MOP [1] - Total imports were 60.57 billion MOP, down 4.8%, resulting in a trade deficit of 53.95 billion MOP, which is a reduction of 3.07 billion MOP from the previous year [1] Export Analysis - Exports to Hong Kong rose by 8.9% to 4.95 billion MOP, while exports to mainland China, Belt and Road countries, the United States, and the European Union saw declines of 11.9%, 66.0%, 0.9%, and 16.7% respectively [1] - Textile and garment exports increased by 0.7% to 0.72 billion MOP, while non-textile exports also saw a slight increase of 0.2% to 5.91 billion MOP [1] Import Analysis - Imports from the EU, mainland China, and Belt and Road countries decreased by 7.0%, 2.4%, and 3.1% respectively, while imports from Japan increased by 2.3% [2] - Total imports of consumer goods fell by 3.9% to 44.34 billion MOP, with clothing and footwear decreasing by 7.1% to 5.90 billion MOP, while food and beverages and gold jewelry saw increases of 7.1% and 3.2% respectively [2] - Significant declines were noted in the imports of fuel and lubricants (down 9.4%), mobile phones (down 23.4%), and building materials (down 36.3%) [2] Monthly Trends - In June, total merchandise exports were 0.95 billion MOP, down 10.5% year-on-year, with re-exports declining by 12.2% [3] - Local product exports in June increased slightly by 0.1% to 0.15 billion MOP, with notable increases in pharmaceuticals and organic chemicals (up 16.9%) and pastries (up 2.9%) [3] - June imports totaled 9.95 billion MOP, a slight decrease of 0.6%, with significant drops in mobile phones, handbags, and building materials [3]