Macau Trade Deficit Narrows in April
In April 2025, Macau experienced a reduction in its trade deficit to MOP 9.4 billion, improving from MOP 9.7 billion during the same timeframe the previous year. This change arose from a 7.7% year-on-year decline in exports, which totaled MOP 1.1 billion. The decrease was largely attributed to a significant 10.9% drop in non-textile goods, with diamond and diamond jewelry exports plummeting by 55.9%. However, the textile and garment sector saw a 21% increase. On the imports front, there was a 4.0% reduction, reaching MOP 10.5 billion. The decline was particularly noticeable in construction materials (down 38.8%), handbags and wallets (down 30.2%), watches (down 17.2%), and fuels and lubricants (down 11.3%). In contrast, imports of mobile phones surged by 29.5%, gold jewelry by 15%, and food and beverages by 11.4%. Over the January to April period, the trade deficit contracted to MOP 36.2 billion from MOP 38.6 billion the previous year, attributable to a 2.4% rise in exports and a 5.4% fall in imports. Notably, exports to the United States increased by 18.1%, yet imports from the US saw a decrease of 25.2%.
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