Country intelligence · MAC · 2024

China, Macao SAR trade profile

In 2024, China, Macao SAR recorded $2.0B in merchandise exports and $14.1B in imports, producing a $12.1B trade deficit. Exports changed -6.2% from the previous year, while imports changed -10.3%.[1]

Exports

$2.0B

-6.2%

Imports

$14.1B

-10.3%

Trade balance

-$12.1B

deficit

Active partners

270

2 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$2.0B$14.1B-$12.1B-6.2%
2023$2.1B$15.7B-$13.6B+18.1%
2022$1.8B$14.9B-$13.1B+16.3%
2021$1.5B$14.9B-$13.4B+20.6%
2020$1.3B$9.5B-$8.2B-9.2%
2019$1.4B$11.8B-$10.4B-3.2%
2018$1.4B$11.4B-$10.0B+16.0%
2017$1.2B$9.7B-$8.5B-7.2%
2016$1.3B$9.6B-$8.3B-4.7%
2015$1.4B$12.7B-$11.3B+11.4%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 71 · Precious metals and stones

47 active HS6 lines · 31 export partners

$551.0M
2

HS 85 · Electrical machinery

262 active HS6 lines · 82 export partners

$316.3M
3

HS 91 · HS chapter

46 active HS6 lines · 23 export partners

$155.0M
4

HS 61 · HS chapter

106 active HS6 lines · 86 export partners

$135.7M
5

HS 87 · Vehicles

78 active HS6 lines · 58 export partners

$90.4M
6

HS 62 · HS chapter

112 active HS6 lines · 81 export partners

$85.6M
7

HS 42 · HS chapter

19 active HS6 lines · 53 export partners

$82.1M
8

HS 64 · HS chapter

25 active HS6 lines · 59 export partners

$65.4M

Leading export markets

Destinations rank bilateral export flows from China, Macao SAR; growth describes each corridor rather than the whole economy.

1

Hong Kong

Annual change -2.6% · 3-year CAGR 14.9%

$1.5B
2

United States

Annual change -16.7% · 3-year CAGR -10.6%

$101.9M
3

China

Annual change -17.3% · 3-year CAGR -6.9%

$70.2M
4

Philippines

Annual change -73.7% · 3-year CAGR 3.7%

$30.2M
5

Israel

Annual change +237.7% · 3-year CAGR 1.4%

$25.5M
6

Switzerland

Annual change +173.4% · 3-year CAGR 43.6%

$23.2M
7

Mexico

Annual change -9.9% · 3-year CAGR 24.6%

$22.1M
8

United Arab Emirates

Annual change +30.6% · 3-year CAGR 125.3%

$13.5M

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.