FX.co ★ Macau Trade Deficit Narrows Slightly

In October 2025, Macau experienced a modest reduction in its trade deficit, which decreased to MOP 9.92 billion from MOP 9.94 billion in October of the previous year. Exports witnessed a 7.9% year-on-year rise, reaching MOP 1.3 billion. This growth was primarily fueled by increased sales in non-textile categories, notably in machinery, apparatus, and parts, which saw a 6.3% rise, and watches, which surged by 27.3%. Notably, exports to China skyrocketed by 92.7%, with significant increases to the EU and the Philippines at 34.0% and 27.1%, respectively. Concurrently, imports experienced a modest growth of 0.7%, totaling MOP 11.2 billion. This was largely due to heightened purchases of food and beverages, which rose by 4.8%, and gold jewelry, which increased by 11.7%. Import origins showed an upward trend from Hong Kong (13.1%), China (7.6%), and Switzerland (2.9%), though imports from the EU saw a decrease of 1.7%. Over the first ten months of 2025, Macau's trade deficit saw a decline, reaching MOP 90.7 billion, down from MOP 94.8 billion as exports grew by 2.7% and imports declined by 3.5%.