Overview In 2019 Macau was the number 84 economy in the world in terms of GDP (current US$), the number 149 in total exports, the number 109 in total imports, the number 3 economy in terms of GDP per capita (current US$) and the number null most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Macau are Broadcasting Equipment ($181M), Jewellery ($133M), Precious Metal Watches ($112M), Trunks and Cases ($52.6M), and Telephones ($46.9M), exporting mostly to Hong Kong ($835M), China ($114M), United States ($55M), Germany ($37.8M), and Netherlands ($37.5M).

Imports The top imports of Macau are Jewellery ($675M), Precious Metal Watches ($585M), Electricity ($458M), Planes, Helicopters, and/or Spacecraft ($401M), and Cars ($334M), importing mostly from China ($3.07B), Hong Kong ($2.92B), France ($511M), Japan ($362M), and Italy ($335M).

Historical Data

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Yearly Exports

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Top Export (2019): Broadcasting Equipment, $181M

Top Destination (2019): Hong Kong, $835M

In 2019, Macau exported a total of $1.27B, making it the number 149 exporter in the world. During the last five reported years the exports of Macau have changed by -$141M from $1.41B in 2014 to $1.27B in 2019.

The most recent exports are led by Broadcasting Equipment ($181M), Jewellery ($133M), Precious Metal Watches ($112M), Trunks and Cases ($52.6M), and Telephones ($46.9M). The most common destination for the exports of Macau are Hong Kong ($835M), China ($114M), United States ($55M), Germany ($37.8M), and Netherlands ($37.5M).

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Yearly Imports

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Top Import (2019): Jewellery, $675M

Top Origin (2019): China, $3.07B

In 2019 Macau imported $9.34B, making it the number 109 trade destination in the world. During the last five reported years the imports of Macau changed by -$1.11B from $10.5B in 2014 to $9.34B in 2019.

The most recent imports of Macau are led by Jewellery ($675M), Precious Metal Watches ($585M), Electricity ($458M), Planes, Helicopters, and/or Spacecraft ($401M), and Cars ($334M). The most common import partners for Macau are China ($3.07B), Hong Kong ($2.92B), France ($511M), Japan ($362M), and Italy ($335M).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

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).

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 (120), Copper Foil (83.6), Knit Men's Undergarments (40), Watch Cases and Parts (32.3), and Letter Stock (25.4). 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 Machinery for rubber, plastics industry (1.57), Mounted lenses, prisms, mirrors, optical elements nes (1.55), Moulds for metals (except ingot), plastic, rubber, etc (1.54), Printing and ancillary machinery (1.49), and Hand tools incorporating electric motors (1.45). 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 Knit Women's Undergarments (0.17), Knit T-shirts (0.16), Fake Hair (0.16), Other Knit Garments (0.16), and Artificial Vegetation (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.

Relatedness Space

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This network shows the products most related to the production structure of Macau. These are products that tend to be co-exported with the products that Macau exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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.