FX.co ★ Macau Trade Deficit Narrows in May

In May 2025, Macau's trade deficit decreased to MOP 9.0 billion, compared to MOP 9.5 billion in the same month the previous year. Export levels increased by 2.3% on an annual basis, reaching MOP 1.1 billion. This growth was largely attributed to a 3.3% rise in non-textile sales, highlighted by substantial gains in watches, which rose by 21.6%, and diamonds and diamond jewelry, which saw an 8.8% increase. However, there was a 5.7% decline in the export of textiles and garments. Import figures fell by 4.5% to MOP 10.1 billion, with significant contributions to this decline across most major categories, especially mobile phones which decreased by 30.0%, construction materials by 27.1%, watches by 15.0%, handbags and wallets by 23.9%, fuels and lubricants by 13.4%, and food and beverages by 5.6%. In contrast, only a few categories saw increases, notably gold jewelry, which rose by 21.9%, and beauty and personal care products, which went up by 7.3%.

For the period from January to May, the trade deficit contracted to MOP 45.0 billion from MOP 48.1 billion in the previous year. This was due to a 2.3% rise in exports alongside a 5.5% drop in imports. Exports to the United States saw a growth of 7.4%, whereas imports from the United States decreased by 19.6%.