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Trade between Hong Kong and Macao

In 2024, Hong Kong exported $2.4 billion to Macao and imported $1.4 billion. Hong Kong ran a surplus of $1 billion with Macao, compared with a surplus of $1.6 billion in 2019. Macao was Hong Kong’s 23rd largest trading partner (0.5% of its trade), and Hong Kong was Macao’s 2nd (25%).

Summary

Hong Kong → Macao
$2.4billion
Macao → Hong Kong
$1.4billion
Hong Kong’s balance
$1billion

Balance

Hong Kong’s trade balance with Macao

Trade between Hong Kong and Macao grew 3.4-fold since 1995

USD billions (current). Hong Kong’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 2.4
  • Imports 1.4
  • Balance +1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$911 million$223 million$688 million
1996$953 million$239 million$714 million
1997$922 million$206 million$716 million
1998$915 million$195 million$721 million
1999$665 million$172 million$493 million
2000$894 million$164 million$730 million
2001$849 million$146 million$703 million
2002$679 million$186 million$493 million
2003$745 million$201 million$545 million
2004$695 million$263 million$431 million
2005$876 million$293 million$583 million
2006$863 million$289 million$574 million
2007$1.1 billion$355 million$715 million
2008$1.1 billion$383 million$702 million
2009$1.1 billion$342 million$766 million
2010$1.4 billion$364 million$1 billion
2011$2.3 billion$485 million$1.8 billion
2012$2.3 billion$511 million$1.8 billion
2013$3.5 billion$746 million$2.7 billion
2014$3.7 billion$745 million$3 billion
2015$7.9 billion$797 million$7.1 billion
2016$2.3 billion$688 million$1.6 billion
2017$2.5 billion$844 million$1.7 billion
2018$2.2 billion$905 million$1.3 billion
2019$2.6 billion$1 billion$1.6 billion
2020$1.4 billion$863 million$496 million
2021$1.9 billion$1.1 billion$803 million
2022$2.3 billion$1.1 billion$1.2 billion
2023$2.2 billion$1.4 billion$772 million
2024$2.4 billion$1.4 billion$1 billion

What they sell each other

What Hong Kong sells to Macao

The top 10 headings in 2024, with their share of the total.

  1. Jewelry$486 million · 20.2%
    5 tonnes · Hong Kong’s destinations
  2. Cars$350 million · 14.5%
    13 thousand tonnes
  3. Dried, salted and smoked fish$159 million · 6.6%
    2 thousand tonnes
  4. Powdered and condensed milk$110 million · 4.6%
    6 thousand tonnes
  5. Medicines in measured doses or retail packs$85 million · 3.5%
    702 tonnes
  6. Frozen beef$78 million · 3.3%
    9 thousand tonnes
  7. Spirits$76 million · 3.2%
    837 tonnes
  8. Precious metal watches$67 million · 2.8%
    1 tonne
  9. Pork$61 million · 2.5%
    18 thousand tonnes
  10. Diamonds$59 million · 2.4%
    Hong Kong’s destinations

What Macao sells to Hong Kong

The top 10 headings in 2024, with their share of the total.

  1. Jewelry$348 million · 24.9%
    2 tonnes · Hong Kong’s sources
  2. Cameras and broadcast equipment$165 million · 11.8%
    129 tonnes
  3. Precious metal watches$114 million · 8.2%
    1 tonne
  4. Cars$101 million · 7.2%
    3 thousand tonnes · Hong Kong’s sources
  5. Bags, suitcases and cases$76 million · 5.4%
    206 tonnes
  6. Diamonds$62 million · 4.4%
    Hong Kong’s sources
  7. Other wristwatches$60 million · 4.3%
    5 tonnes
  8. Leather footwear$34 million · 2.5%
    179 tonnes
  9. Makeup and skin care$31 million · 2.2%
    278 tonnes · Hong Kong’s sources
  10. Resistors$26 million · 1.9%
    4 tonnes

How it travels

Estimated sea route from Hong Kong to Macao.

The estimated sea route between Hong Kong and Macao is 42 nautical miles (78 km) long: ≈ 0.5 days at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$1.3 billion · 33.6%
  2. Air$2.5 billion · 66.4%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Macao was Hong Kong’s 23rd largest trading partner (0.5% of its trade), and Hong Kong was Macao’s 2nd (25%).

Macao in Hong Kong’s trade
0.5%
Macao’s rank among Hong Kong’s partners
23rd
Hong Kong in Macao’s trade
24.9%
Hong Kong’s rank among Macao’s partners
2nd

Compare with

Other partners of Hong Kong

Other partners of Macao

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.