FX.co ★ Macau Trade Deficit Widens in December

In December 2025, Macau experienced an increase in its trade deficit, reaching MOP 10.6 billion, compared to MOP 10.1 billion in December 2024. Exports saw an 11% increase, totaling MOP 1.2 billion, bolstered by notable upturns in machinery and transport equipment exports (47.4%), along with food and live animals (27.1%), and miscellaneous manufactured articles (8.2%). There was a considerable expansion in exports to France (29.8%), China (13.5%), and Hong Kong (12.2%). Concurrently, imports rose by 5.9% to MOP 11.8 billion, attributed to increased purchases of raw materials and semi-manufactured products (18.7%), consumer goods (5.9%), and capital goods (2.9%). The sources of import growth included South Korea (18.1%), Germany (14.7%), Thailand (12.7%), and Brazil (11.1%). Across the entirety of 2025, Macau's trade deficit expanded to MOP 110.9 billion. While exports increased by 3.2%, imports witnessed a 1.8% decline.