FX.co ★ Macau Trade Deficit Narrows in June

Macau saw a reduction in its trade deficit to MOP 9.0 billion in June, compared to MOP 8.9 billion in the same month the previous year. Exports experienced a decline of 10.5% year-on-year, totaling MOP 953.1 million. This decrease was largely influenced by significant drops in categories such as machines, apparatus, and parts (-58.9%), travel goods and handbags (-27.9%), non-knitted or crocheted garments (-29.3%), and knitted or crocheted garments (-13.6%). However, there were increases in the exports of diamond and jewellery (+9.2%) and watches (+0.7%). On the import side, there was a minor decrease of 0.6%, bringing the total to MOP 9.9 billion. Noteworthy declines occurred in mobile phones (-27.6%), handbags and wallets (-26.3%), and construction materials (-22.1%). Conversely, there was significant growth in the imports of gold jewellery and beauty products (48.8%) and cosmetic and skincare products (19.2%). During the first half of 2025, the trade deficit reduced by MOP 3.07 billion year-on-year, settling at MOP 53.9 billion, as exports inched up by 0.3% while imports decreased by 4.8%. By trading partner, exports to the U.S. dipped by 0.9% during the same period, whereas imports from the U.S. fell by 20.1%.