Flag Macau

Product Exports (2018): $1.38B, Rank 139 of 222

Exports Per Capita (2018): $2.18k, Rank 78 of 219

Product Imports (2018): $11.3B, Rank 93 of 221

Imports Per Capita (2018): $17.9k, Rank 59 of 219

Service Exports (2018): $43.5B, Rank 14 of 88

Service Imports (2018): $4.87B, Rank 42 of 88

GDP (2018): $55.1B, CURRENT US$
Rank 82 of 196

GDP growth (2008 - 2018): 163%, CURRENT US$
Rank 8 of 196

GDP PC (2018): $87,209, CURRENT US$
Rank 3 of 196

GDP PC GROWTH (2008 - 2018): 115%, CURRENT US$
Rank 11 of 196

Overview: This page contains the latest international trade data for Macau, including service trade data. In 2018 Macau was the number 82 economy in the world in terms of GDP (current US$), the number 139 in total exports, and the number 93 in total imports. In 2018, Macau exported $1.38B and imported $11.3B, resulting in a negative trade balance of -$9.94B. In 2018, Macau's exports per capita were $2.18k and its imports per capita were $17.9k.

Trade: The top exports of Macau are Precious Metal Watches ($199M), Jewellery ($187M), Telephones ($73M), Broadcasting Equipment ($55M), and Copper Foil ($51.2M). The top imports of Macau are Broadcasting Equipment ($677M), Jewellery ($669M), Trunks and Cases ($586M), Precious Metal Watches ($570M), and Beauty Products ($560M).

Destinations: Macau exports mostly to Hong Kong ($935M), Germany ($66.2M), China ($61.7M), United States ($51M), and Australia ($38.5M), and imports mostly from Hong Kong ($6.26B), China ($2.62B), Japan ($535M), Singapore ($362M), and Italy ($286M).

Yearly Exports

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Top Export (2018): Precious Metal Watches, $199M

Top Destination (2018): Hong Kong, $935M

In 2018 Macau exported a total of $1.38B, making it the number 139 exporter in the world. During the last five reported years the exports of Macau have changed by -$323M from $1.7B in 2013 to $1.38B in 2018.

The most recent exports are led by Precious Metal Watches ($199M), Jewellery ($187M), Telephones ($73M), Broadcasting Equipment ($55M), and Copper Foil ($51.2M). The most common destination for the exports of Macau are Hong Kong ($935M), Germany ($66.2M), China ($61.7M), United States ($51M), and Australia ($38.5M).

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Yearly Imports

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Top Import (2018): Broadcasting Equipment, $677M

Top Origin (2018): Hong Kong, $6.26B

In 2018 Macau imported $11.3B, making it the number 93 trade destination in the world. During the last five reported years the imports of Macau changed by $770M from $10.5B in 2013 to $11.3B in 2018.

The most recent imports of Macau are led by Broadcasting Equipment ($677M), Jewellery ($669M), Trunks and Cases ($586M), Precious Metal Watches ($570M), and Beauty Products ($560M). The most common import partners for Macau are Hong Kong ($6.26B), China ($2.62B), Japan ($535M), Singapore ($362M), and Italy ($286M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Macau Exports Services (2018): $43.5B

Macau Imports Services (2018): $4.87B

In 2018, Macau exported $43.5B worth of services. The top services exported by Macau in 2018 were Personal travel ($37.9B), Business travel ($2.41B), Financial services ($1.15B), Other business services ($923M), and Transportation ($694M).

The top services imported by Macau in 2018 were Personal travel ($1.39B), Other business services ($1.07B), Financial services ($599M), Transportation ($468M), and Construction services ($462M).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Macau. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Economic Complexity

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Most Specialized Products by RCA Index

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Macau has a high level of specialization in Precious Metal Watches (198), Copper Foil (101), Watch Straps (34.1), Jewellery (26.6), and Watch Cases and Parts (26.4). Specialization is measured using RCA, an index that takes the ratio between Macau observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Macau according to the product complexity index (PCI) are Hand tools incorporating electric motors (1.42), Esters of inorganic acids nes, salts, derivatives (1.36), Parts and accessories for musical instruments (1.27), Copper foil, thickness (except any backing) < 0.15mm (1.26), and Watch movements, complete and assembled (1.19). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Macau according to the relatedness index, are Non-Knit Active Wear (0.16), Knit Women's Undergarments (0.16), Other Knit Garments (0.16), Fake Hair (0.15), and Live Fish (0.15). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Macau is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.