31.10.202509:48:43UTC+00Macau Trade Deficit Largest in 10 Months

In September 2025, Macau's trade deficit expanded to MOP 10.2 billion, up from MOP 9.4 billion in the same month of the previous year. This represents the largest trade gap since November 2024. The increase was due to a 9.3% year-on-year rise in imports, reaching a ten-month peak of MOP 11.3 billion, while exports also went up by 11.7% to MOP 1.1 billion. Over the first three quarters of 2025, the trade deficit decreased to MOP 81.2 billion from MOP 84.9 billion during the same period last year, primarily because exports grew by 2.1% to MOP 10.3 billion. This growth was largely spurred by increased sales in non-textile sectors (+3.9%), with significant contributions from machinery, apparatus, and parts (+7.1%), as well as watches (+29.2%). On the import side, there was a 3.7% decline, down to MOP 91.5 billion, mainly driven by reduced purchases of garments and footwear (-6.5%) and beauty products (-1.2%). Cumulatively, China was a major trading partner, comprising 71.3% of Macau's exports and leading imports with a 30.6% share.