FX.co ★ Macau Trade Gap Increases in April

Macau’s trade deficit widened to MOP 11.761 billion in April 2026, an increase of MOP 2.64 billion compared with the same month a year earlier. Exports rose 20.9% year-on-year to MOP 1.359 billion. Re-exports, which accounted for around 90% of total exports, also grew by 20.9%. The strongest sales growth was recorded in machines, apparatus and parts (25.3%), diamond and diamond jewellery (22.4%), and watches (21.7%).

Domestic exports increased 21.3%, driven mainly by copper and articles thereof, which surged 56.9%. The bulk of Macau’s exports were shipped to Hong Kong and mainland China.

Imports climbed 28% to MOP 13.12 billion. Purchases of gold jewellery jumped 39.4%, while imports of food and beverages fell 11.7%. Most imports originated from mainland China and the European Union.

Over the first four months of 2026, merchandise exports and imports rose by 20% and 25.7%, respectively, compared with the same period in the previous year. As a result, the trade deficit expanded by MOP 9.36 billion to MOP 44.77 billion.