Overview In 2020 Macau was the number 145 economy in the world in terms of total exports and the number 118 in total imports.

Exports The top exports of Macau are Jewellery ($174M), Broadcasting Equipment ($150M), Precious Metal Watches ($106M), Telephones ($85.9M), and Trunks and Cases ($67.8M), exporting mostly to Hong Kong ($827M), China ($143M), United States ($93.2M), Australia ($54.2M), and Netherlands ($32.2M).

Imports The top imports of Macau are Electricity ($414M), Jewellery ($341M), Cars ($313M), Trunks and Cases ($267M), and Beauty Products ($185M), importing mostly from China ($2.27B), Hong Kong ($1.61B), Italy ($286M), United States ($275M), and Japan ($266M).

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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.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Historical Data

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Top Export (2020): Jewellery, $174M

Top Destination (2020): Hong Kong, $2.27B

In 2020, Macau exported a total of $1.35B, making it the number 145 exporter in the world. During the last five reported years the exports of Macau have changed by -$107M from $1.46B in 2015 to $1.35B in 2020.

The most recent exports are led by Jewellery ($174M), Broadcasting Equipment ($150M), Precious Metal Watches ($106M), Telephones ($85.9M), and Trunks and Cases ($67.8M). The most common destination for the exports of Macau are Hong Kong ($827M), China ($143M), United States ($93.2M), Australia ($54.2M), and Netherlands ($32.2M).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

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 (64.7), Knit Men's Undergarments (46.2), Jewellery (33.2), and Watch Cases and Parts (29.8). Specialization is measured using RCA, an index that takes the ratio between Macau observed and expected exports in each product.

Export Opportunities by Relatedness

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The top export opportunities for Macau according to the relatedness index, are Other Cloth Articles (0.16), Other Knit Garments (0.15), Other Knit Clothing Accessories (0.15), Felt or Coated Fabric Garments (0.15), and Knit Women's Undergarments (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 a country currently specializes 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 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.