Macau
2021 Product Exports | Imports: $1.76B | $9.99B, 149 of 226 | 110 of 226
2021 Per Capita Product Exports | Imports: $2.67k | $15.2k, 88 of 219 | 55 of 219
2018 Service Exports | Imports : $43.5B | $4.87B, 31 of 138 | 78 of 138
Overview In 2021 Macau was the number 149 economy in the world in terms of total exports and the number 110 in total imports.
Exports The top exports of Macau are Jewellery ($242M), Broadcasting Equipment ($170M), Precious Metal Watches ($162M), Telephones ($74.6M), and Non-Knit Women's Suits ($61.5M), exporting mostly to Hong Kong ($1.13B), China ($205M), United States ($120M), Israel ($34.6M), and Netherlands ($24.2M).
Imports The top imports of Macau are Jewellery ($955M), Precious Metal Watches ($514M), Electricity ($488M), Trunks and Cases ($420M), and Cars ($296M), importing mostly from China ($3.29B), Hong Kong ($2.4B), France ($501M), Italy ($452M), and Switzerland ($406M).
Latest Trends
#permalink to sectionLatest Trade
#permalink to sectionThe following section uses the most recent trade data from partners of Macau.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Latest Data
#permalink to sectionThe data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Historical Data
#permalink to sectionYearly Trade
#permalink to sectionIn 2021, Macau exported a total of $1.76B, making it the number 149 exporter in the world. During the last five reported years the exports of Macau have changed by $627M from $1.13B in 2016 to $1.76B in 2021.
The most recent exports are led by Jewellery ($242M), Broadcasting Equipment ($170M), Precious Metal Watches ($162M), Telephones ($74.6M), and Non-Knit Women's Suits ($61.5M). The most common destination for the exports of Macau are Hong Kong ($1.13B), China ($205M), United States ($120M), Israel ($34.6M), and Netherlands ($24.2M).
Market Growth
#permalink to sectionFastest Growing Export Markets (2020 - 2021)
- Hong Kong, $300M (+ 36.2%)
- China, $61.9M (+ 43.3%)
- United States, $26.6M (+ 28.5%)
Fastest Growing Import Markets (2020 - 2021)
- China, $976M (+ 42.2%)
- Hong Kong, $751M (+ 45.6%)
- Switzerland, $342M (+ 537%)
Service Trade
#permalink to sectionService Trade
#permalink to sectionMacau 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
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionMacau has a high level of specialization in Precious Metal Watches (125), Watch Cases and Parts (65.6), Copper Foil (59), Knit Men's Undergarments (48.1), and Breathing Appliances (33.7). 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
#permalink to sectionThe highest complexity exports of Macau according to the product complexity index (PCI) are Watch Movements (1.74), LCDs (1.56), Mirrors and Lenses (1.47), Copper Foil (1.35), and Nucleic Acids (1.34). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities for Macau according to the relatedness index, were Artificial Vegetation (0.16), Knit Women's Undergarments (0.15), Non-Knit Men's Undergarments (0.15), Non-Knit Active Wear (0.15), and Portable Lighting (0.14). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Macau is not specialized in.
Product Space
#permalink to sectionThe 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 a country currently specializes in.
Diversification Frontier
#permalink to sectionThe Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.
