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 - The total external merchandise trade in Macau for Q1 2025 amounted to 33.82 billion MOP, a decrease of 4.5% compared to the same period last year [1] - Total exports increased by 6.1% to 3.49 billion MOP, with re-exports at 3.15 billion MOP and local product exports at 0.35 billion MOP, rising by 6.4% and 3.5% respectively [1] - Total imports were 30.33 billion MOP, down 5.6%, resulting in a trade deficit of 26.83 billion MOP, which is a reduction of 20.0 million MOP from the previous year [1] Export Analysis - Exports to Hong Kong and the United States increased by 14.0% to 2.69 billion MOP and 7.0% to 50.06 million MOP respectively, while exports to mainland China, Belt and Road countries, and the European Union decreased by 5.8%, 60.4%, and 10.5% respectively [1] - Textile and garment exports rose by 4.3% to 0.36 billion MOP, while non-textile exports increased by 6.3% to 3.14 billion MOP [1] Import Analysis - Imports from the European Union, mainland China, and Belt and Road countries decreased by 6.4%, 2.4%, and 1.4% respectively, while imports from Japan increased by 3.9% [2] - The value of imports from mainland China and Hong Kong fell by 5.5% and 6.1% respectively [2] - Consumer goods imports decreased by 5.5% to 22.58 billion MOP, with declines in clothing and footwear by 8.1% and 8.9%, while food and beverages increased by 10.9% [2] March Specifics - In March 2025, total merchandise exports were 1.11 billion MOP, down 7.5% year-on-year, with re-exports at 0.99 billion MOP, showing a decline of 9.8% [3] - Local product exports rose by 16.0% to 0.12 billion MOP, with copper and its products increasing by 8.3% [3] - Total imports in March decreased by 6.2% to 10.50 billion MOP, with significant declines in mobile phones, building materials, and watches by 44.1%, 34.8%, and 23.5% respectively [3]