Macao
Compare Macao →China, Macao SAR · MO · MAC · BACI 446 · latest data 2024
Exports
= $1,863 M27.3% over 5 yrs (up)
Imports
= $13,440 M30.8% over 5 yrs (up)
Trade balancedeficit
= −$11,577 M
Total trade
= $15,303 M30.4% over 5 yrs (up)
- World position
- #141 of 225 exporters · bottom half · #105 of 225 importers · top half · 2024
- World export share since 1995
- −0.0 pp
Trade timeline
Macao's exports fell from $2.3B in 1995 to $1.9B in 2024; the 2024 balance was −$11.6B.
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| Year | Exports ($M) | Imports ($M) | Balance ($M) | Total ($M) |
|---|---|---|---|---|
| 1995 | $2,295 M | $2,679 M | −$384 M | $4,974 M |
| 1996 | $2,341 M | $2,653 M | −$312 M | $4,994 M |
| 1997 | $2,575 M | $2,932 M | −$358 M | $5,507 M |
| 1998 | $2,387 M | $2,809 M | −$421 M | $5,196 M |
| 1999 | $2,461 M | $2,636 M | −$175 M | $5,096 M |
| 2000 | $2,620 M | $2,784 M | −$164 M | $5,404 M |
| 2001 | $2,468 M | $2,721 M | −$254 M | $5,189 M |
| 2002 | $2,651 M | $3,004 M | −$353 M | $5,655 M |
| 2003 | $2,912 M | $3,506 M | −$594 M | $6,418 M |
| 2004 | $3,400 M | $3,829 M | −$429 M | $7,230 M |
| 2005 | $2,820 M | $4,251 M | −$1,432 M | $7,071 M |
| 2006 | $2,904 M | $4,950 M | −$2,046 M | $7,854 M |
| 2007 | $2,910 M | $5,943 M | −$3,033 M | $8,853 M |
| 2008 | $2,382 M | $6,054 M | −$3,672 M | $8,436 M |
| 2009 | $1,259 M | $4,886 M | −$3,628 M | $6,145 M |
| 2010 | $1,000 M | $5,581 M | −$4,581 M | $6,580 M |
| 2011 | $1,163 M | $7,487 M | −$6,324 M | $8,650 M |
| 2012 | $1,320 M | $7,796 M | −$6,477 M | $9,116 M |
| 2013 | $1,682 M | $9,981 M | −$8,300 M | $11,663 M |
| 2014 | $1,439 M | $10,950 M | −$9,511 M | $12,389 M |
| 2015 | $1,559 M | $13,148 M | −$11,589 M | $14,707 M |
| 2016 | $1,260 M | $8,602 M | −$7,342 M | $9,862 M |
| 2017 | $1,427 M | $9,046 M | −$7,619 M | $10,474 M |
| 2018 | $1,402 M | $9,645 M | −$8,243 M | $11,047 M |
| 2019 | $1,463 M | $10,273 M | −$8,810 M | $11,737 M |
| 2020 | $1,392 M | $7,793 M | −$6,401 M | $9,185 M |
| 2021 | $1,758 M | $12,427 M | −$10,668 M | $14,185 M |
| 2022 | $1,791 M | $12,486 M | −$10,695 M | $14,277 M |
| 2023 | $1,932 M | $12,556 M | −$10,624 M | $14,489 M |
| 2024 | $1,863 M | $13,440 M | −$11,577 M | $15,303 M |
Trading partners
China was Macao's top trading partner in 2024, at 30.1% of total trade; the top five partners covered 72.8%.
- Top partner share
- 30.1%
- Top-5 share
- 72.8%
- Partners
- 157
- Partner HHI (0–1)
- 0.168
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| Rank | Partner | Exports to ($M) | Imports from ($M) | Total ($M) | Balance ($M) |
|---|---|---|---|---|---|
| #1 | China | $97 M | $4,506 M | $4,604 M | −$4,409 M |
| #2 | Hong Kong | $1,396 M | $2,409 M | $3,805 M | −$1,013 M |
| #3 | France | $10 M | $1,055 M | $1,065 M | −$1,045 M |
| #4 | United States | $79 M | $754 M | $833 M | −$675 M |
| #5 | Japan | $10 M | $818 M | $829 M | −$808 M |
| #6 | Italy | $16 M | $661 M | $678 M | −$645 M |
| #7 | Switzerland | $26 M | $317 M | $344 M | −$291 M |
| #8 | Vietnam | $8 M | $272 M | $280 M | −$264 M |
| #9 | Germany | $13 M | $251 M | $264 M | −$238 M |
| #10 | Singapore | $7 M | $224 M | $231 M | −$216 M |
| #11 | United Kingdom | $9 M | $222 M | $231 M | −$212 M |
| #12 | Australia | $2 M | $228 M | $231 M | −$226 M |
| #13 | Malaysia | $14 M | $205 M | $219 M | −$190 M |
| #14 | Indonesia | $3 M | $163 M | $166 M | −$159 M |
| #15 | Other Asia, nes | $9 M | $150 M | $159 M | −$141 M |
Products & sectors
Product composition of Macao's trade in 2024.
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Concentration & risk
Macao's export partners concentrated over 1995–2024 — HHI 0.212 → 0.567, a concentrated export base across 113 partners in 2024.
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| Year | Export HHI | Import HHI | Export partners | Import partners |
|---|---|---|---|---|
| 1995 | 0.212 | 0.199 | 101 | 76 |
| 1996 | 0.193 | 0.194 | 103 | 90 |
| 1997 | 0.219 | 0.183 | 108 | 88 |
| 1998 | 0.254 | 0.205 | 116 | 83 |
| 1999 | 0.260 | 0.182 | 102 | 89 |
| 2000 | 0.264 | 0.218 | 110 | 93 |
| 2001 | 0.259 | 0.226 | 114 | 105 |
| 2002 | 0.261 | 0.196 | 115 | 105 |
| 2003 | 0.257 | 0.222 | 118 | 119 |
| 2004 | 0.234 | 0.250 | 122 | 134 |
| 2005 | 0.263 | 0.234 | 119 | 115 |
| 2006 | 0.230 | 0.260 | 124 | 114 |
| 2007 | 0.197 | 0.251 | 123 | 117 |
| 2008 | 0.201 | 0.218 | 124 | 116 |
| 2009 | 0.164 | 0.200 | 120 | 122 |
| 2010 | 0.188 | 0.216 | 124 | 115 |
| 2011 | 0.215 | 0.218 | 122 | 122 |
| 2012 | 0.232 | 0.218 | 123 | 128 |
| 2013 | 0.283 | 0.242 | 133 | 142 |
| 2014 | 0.311 | 0.236 | 128 | 139 |
| 2015 | 0.317 | 0.430 | 125 | 92 |
| 2016 | 0.331 | 0.233 | 119 | 130 |
| 2017 | 0.373 | 0.219 | 126 | 137 |
| 2018 | 0.432 | 0.193 | 133 | 137 |
| 2019 | 0.482 | 0.201 | 126 | 138 |
| 2020 | 0.407 | 0.184 | 129 | 133 |
| 2021 | 0.413 | 0.177 | 134 | 145 |
| 2022 | 0.402 | 0.200 | 129 | 159 |
| 2023 | 0.536 | 0.172 | 123 | 155 |
| 2024 | 0.567 | 0.163 | 113 | 146 |
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