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2023
Product
Exports | Imports $1.93B | $12.6B145 of 226 |  106 of 226
2023
Per Capita Product
Exports | Imports $2.85k | $18.5k83 of 220 |  61 of 220

About

Overview In 2023 Macau was the number 145 economy in the world in terms of total exports and the number 106 in total imports.

Exports The top exports of Macau are Jewellery ($396M), Broadcasting Equipment ($180M), Precious Metal Watches ($130M), Non-Knit Women's Suits ($63.9M), and Video and Card Games ($63.7M), exporting mostly to Hong Kong ($1.4B), China ($120M), United States ($107M), Philippines ($61M), and Singapore ($23.3M).

Imports The top imports of Macau are Jewellery ($1.27B), Trunks and Cases ($591M), Broadcasting Equipment ($521M), Electricity ($503M), and Hard Liquor ($465M), importing mostly from China ($4.47B), Hong Kong ($2.15B), United States ($802M), France ($726M), and Japan ($614M).

Latest Trends

Latest Trade

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Y-AXIS SCALE

The 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.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The 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.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Jewellery$396M
Top Destination (2023)Hong Kong$1.4B

In 2023, Macau exported a total of $1.93B, making it the number 145 exporter in the world. During the last five reported years the exports of Macau have changed by $530M from $1.4B in 2018 to $1.93B in 2023.

The most recent exports are led by Jewellery ($396M), Broadcasting Equipment ($180M), Precious Metal Watches ($130M), Non-Knit Women's Suits ($63.9M), and Video and Card Games ($63.7M). The most common destination for the exports of Macau are Hong Kong ($1.4B), China ($120M), United States ($107M), Philippines ($61M), and Singapore ($23.3M).

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Exports (2023)
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Destinations (2023)
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Market Growth

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Growth
Fastest Growing Export Markets (2022 - 2023)
Hong Kong$291M (+ 26.1%)
Philippines$46.9M (+ 332%)
Italy$12.8M (+ 164%)
Fastest Growing Import Markets (2022 - 2023)
Vietnam$211M (+ 144%)
United States$153M (+ 23.5%)
South Korea$94M (+ 121%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Service Trade

Service Trade

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).

Service Exports (2018)

Service Imports (2018)

Economic Complexity

Most Specialized Products by RCA Index

Macau has a high level of specialization in Cameras (141), Precious Metal Watches (82.8), Copper Foil (47.8), Jewellery (40.8), and Knitted Hats (30.8). 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

The highest complexity exports of Macau according to the product complexity index (PCI) are Watch movements; complete and assembled (1.68), Electrical machines and apparatus; having individual functions, not specified or included elsewhere... (1.22), Wrist-watches, pocket-watches, stop-watches and other watches, other than those of heading no.... (1.16), Newspapers, journals and periodicals, whether or not illustrated or containing advertising material (1.14), and Circuits; printed (1.13). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Macau according to the relatedness index, were Non-Knit Active Wear (0.14), Other Knit Garments (0.13), Non-Knit Men's Undergarments (0.13), Other Non-Knit Clothing Accessories (0.13), and Other Women's Undergarments (0.13). 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

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 a country currently specializes in.

Relatedness Space

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.

Relatedness Space (2023)

Diversification Frontier

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Depth

The 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.

Diversification Frontier

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