FX.co ★ Macau Trade Deficit Widens in February

Macau’s trade deficit widened to MOP 9.9 billion in February 2026, up from MOP 7.7 billion a year earlier. Imports jumped 25.9% year-on-year to MOP 11.2 billion, driven by strong increases in purchases of gold jewellery (87%), mobile phones (101.1%), construction materials (35%), and garments and footwear (11.4%). By place of origin, imports rose from China (71.3%), Hong Kong (139%), Italy (8.8%), the United States (8.9%), and Switzerland (6.8%).

Exports grew 7.1% to MOP 1.3 billion, supported by higher shipments of machines, apparatus and parts (202.5%) and non-textile products (8.3%). Export growth was notable to China (494.3%), Italy (524.3%), Germany (42.1%), the United States (68.8%), Singapore (25.1%), and Vietnam (76.6%).

Over the first two months of 2026, Macau recorded a cumulative trade deficit of MOP 21.6 billion, with exports increasing 17.6% and imports rising 25.1%.