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]

Core Insights - Macau's total goods exports and imports in October 2025 reached MOP 1.3 billion and MOP 11.2 billion respectively, showing year-on-year increases of 7.9% and 0.7% [1] - The trade deficit for goods was MOP 9.92 billion [1] - Year-to-date total exports amounted to MOP 11.61 billion, up 2.7% year-on-year, while total imports decreased by 3.5% to MOP 102.34 billion [1] Export Performance - In October, re-exports valued at MOP 1.17 billion increased by 8.0%, with watches rising by 13.8% and diamonds and diamond jewelry decreasing by 7.9% [1] - Local product exports reached MOP 130 million, up 6.7%, driven by a 70.5% increase in pharmaceuticals and organic chemicals, while garments fell by 22.7% [1] - For the first ten months, exports to mainland China and Hong Kong increased by 62.2% and 3.0% respectively, while exports to the US and EU declined by 3.7% and 2.1% [2] Import Performance - Total imports in October showed a slight increase of 0.7%, with significant rises in gold jewelry (30.6%) and fuel and lubricants (19.6%), while handbags and wallets decreased by 15.5% [1] - In the first ten months, imports from mainland China and the EU fell by 0.9% and 5.3%, while imports from Hong Kong rose by 7.3% [2] - Consumer goods imports decreased by 2.1% to MOP 73.76 billion, with clothing and footwear down by 6.1%, while gold jewelry imports increased by 11.7% [2]

Core Insights - Macau's total export value for the first three quarters of 2025 increased by 2.1% year-on-year to 10.31 billion MOP, with re-exports rising by 2.8% and local product exports declining by 3.7% [1] - Total import value decreased by 3.7% to 91.49 billion MOP, resulting in a trade deficit of 81.18 billion MOP [1] - In September 2025, total export value reached 1.11 billion MOP, up 11.7% year-on-year, while total imports increased by 9.3% to 11.32 billion MOP [2] Export Performance - Exports to mainland China and Hong Kong increased significantly, with values of 0.93 billion MOP (up 59.9%) and 7.35 billion MOP (up 3.2%) respectively [1] - Exports to the US and EU saw declines of 4.7%, with values of 0.22 billion MOP and 0.16 billion MOP respectively [1] - Non-textile exports rose by 3.9% to 9.28 billion MOP, while textile and garment exports fell by 11.8% to 1.03 billion MOP [1] Import Performance - Total imports from mainland China and the EU decreased by 1.8% and 5.7% respectively, while imports from Hong Kong increased by 7.0% [1] - Consumer goods imports fell by 2.2% to 66.19 billion MOP, with clothing and footwear decreasing by 6.5% to 8.71 billion MOP, while gold jewelry increased by 10.3% to 8.41 billion MOP [1] - In September 2025, imports of gold jewelry and food & beverages surged by 62.0% and 16.0% respectively, while handbags and wallets decreased by 10.9% [2] Trade Deficit - The total trade deficit for the first three quarters of 2025 was 81.18 billion MOP, with a monthly deficit of 10.21 billion MOP in September [1][2] - The trade deficit for the third quarter of 2025 was recorded at 27.59 billion MOP [2]

Core Insights - Macau's total goods exports and imports in August 2025 were valued at 1.29 billion MOP and 9.85 billion MOP, representing year-on-year declines of 2.3% and 6.1% respectively, resulting in a trade deficit of 8.56 billion MOP [1] - In the first eight months of the year, total exports reached 9.20 billion MOP, a 1.0% increase year-on-year, while total imports fell by 4.9% to 80.43 billion MOP, leading to a trade deficit of 71.23 billion MOP [1] Export Analysis - Re-exports in August 2025 amounted to 1.20 billion MOP, a slight increase of 0.4% year-on-year, with notable increases in watch exports by 69.8%, while diamond and diamond jewelry exports decreased by 42.7% [1] - Local product exports were valued at 88.45 million MOP, down 28.6%, with significant declines in clothing exports by 64.1%, although pharmaceuticals and organic chemicals saw a 15.3% increase [1] - For the first eight months, re-exports totaled 8.27 billion MOP, up 1.7%, while local product exports decreased by 4.9% to 940 million MOP [1] Import Analysis - Total imports in August 2025 decreased by 6.1%, with watch imports down 25.5%, while gold jewelry imports increased by 14.0% [1] - In the first eight months, imports from mainland China and the EU fell by 3.5% and 7.2% respectively, while imports from Hong Kong increased by 1.7% [2] - Consumer goods imports decreased by 3.8% to 58.20 billion MOP, with clothing and footwear imports down 7.5%, while gold jewelry imports increased by 5.4% [2] Trade Partners - Exports to mainland China and Hong Kong in the first eight months were valued at 830 million MOP and 6.58 billion MOP, showing increases of 63.1% and 2.0% respectively, while exports to the US and EU decreased by 6.5% and 13.0% [1] - Non-textile exports rose by 2.7% to 8.27 billion MOP, while textile and clothing exports fell by 11.5% to 930 million MOP [1]

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]

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]