FX.co ★ Macau Trade Gap Narrows in March

Macau’s trade deficit reduced to MOP 9.4 billion in March 2025, a decrease from MOP 10 billion in the same period the previous year. Exports experienced a 7.5% drop year-on-year, totaling MOP 1.1 billion. This decline was observed in both textile and garment sectors, which fell by 1.1%, and in non-textile sectors, which experienced an 8.5% reduction, notably affecting items such as diamonds, diamond jewelry, and watches. Concurrently, imports diminished by 6.2%, reaching MOP 10.5 billion. This reduction was significantly influenced by marked decreases in the acquisition of garments and footwear (-7.2%), gold jewelry (-8.9%), beauty and skincare products (-15.5%), handbags and wallets (-21.1%), and fuels and lubricants (-18%). However, imports of food and beverages saw a significant increase of 16.3%. Over the January to March period, the trade deficit narrowed to MOP 26.8 billion from MOP 28.8 billion, attributed to a 6.1% rise in exports and a 5.6% decline in imports.