In 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.
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).
The 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.
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.
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.
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.