In May 2025, Macau's trade deficit decreased to MOP 9.0 billion, compared to MOP 9.5 billion in the same month the previous year. Export levels increased by 2.3% on an annual basis, reaching MOP 1.1 billion. This growth was largely attributed to a 3.3% rise in non-textile sales, highlighted by substantial gains in watches, which rose by 21.6%, and diamonds and diamond jewelry, which saw an 8.8% increase. However, there was a 5.7% decline in the export of textiles and garments. Import figures fell by 4.5% to MOP 10.1 billion, with significant contributions to this decline across most major categories, especially mobile phones which decreased by 30.0%, construction materials by 27.1%, watches by 15.0%, handbags and wallets by 23.9%, fuels and lubricants by 13.4%, and food and beverages by 5.6%. In contrast, only a few categories saw increases, notably gold jewelry, which rose by 21.9%, and beauty and personal care products, which went up by 7.3%.
For the period from January to May, the trade deficit contracted to MOP 45.0 billion from MOP 48.1 billion in the previous year. This was due to a 2.3% rise in exports alongside a 5.5% drop in imports. Exports to the United States saw a growth of 7.4%, whereas imports from the United States decreased by 19.6%.
