2026.04.3009:21:11UTC+00Macau Trade Deficit Widens in March

Macau’s trade deficit widened to MOP 11.6 billion in March 2026, up from MOP 9.2 billion in the same month a year earlier, as imports continued to outstrip exports. Imports jumped 26% year-on-year to MOP 13 billion, driven by stronger demand for gold jewellery (up 36.6%), garments and footwear (12.8%), fuels and lubricants (25%), and mobile phones (111.1%).

By place of origin, imports rose markedly from China (76.8%), Hong Kong (86.2%), Italy (18.9%), the United States (23%), and Japan (1.3%).

Exports also increased, rising 24.2% to MOP 1.4 billion, supported by higher shipments of machines, apparatus and parts (up 47.9%), diamond and diamond jewellery (94.8%), and travel goods and handbags (34%). Export growth was notable to China (64%), Hong Kong (22.4%), Italy (78.4%), Vietnam (565.8%), and Singapore (67%).

Over the first quarter of 2026 as a whole, Macau’s trade deficit expanded to MOP 33.1 billion from MOP 26.3 billion in the corresponding period of the previous year, as exports rose 19.7% while imports climbed 25.1%.