In November 2025, Macau's trade deficit experienced a slight reduction, decreasing to MOP 10.1 billion from MOP 10.3 billion in the same month the previous year. Exports saw a 0.9% increase compared to the year before, reaching MOP 1.1 billion. This growth was primarily driven by robust shipments of non-textiles, which surged by 7.5%. Notable contributors to this trend included machinery, apparatus and parts, which saw a remarkable increase of 97.5%, as well as travel goods and handbags, which increased by 26.3%. Export volumes rose significantly to China by 47.2% and to the European Union by 10.6%, although there was a notable decline in exports to the United States (-54.8%), the Philippines (-44.8%), and India (-26.3%).
Imports, conversely, decreased by 2.0%, totaling MOP 11.2 billion. This decline was largely due to a drop in purchases of food and beverages, which decreased by 8.7%, as well as garments and footwear, which fell by 1.4%. By country of origin, the import figures from the United States showed a significant reduction of 15.1%, and from Switzerland, they declined by 14.8%. In contrast, imports from the European Union saw a slight increase of 2.2%, while imports from China dipped slightly by 0.6%.
Over the first eleven months of 2025, Macau recorded a cumulative trade deficit of MOP 100.5 billion. During this period, exports improved by 2.5%, while imports decreased by 3.7%.
