Macau, China Trade

Subchapters:

  • Business Relationships
  • Foreign direct investment
  • FTAs ​​and Treaties
  • Development Cooperation
  • Prospective fields of study (MOP)

Business relations

Trade relations with the EU

According to data for 2021, goods with a total value of EUR 1,211.50 were imported from the EU to Macao. The volume of goods imported from Macao is very negligible. The year 2021 confirms an increase in interest in European luxury goods (leather goods, clothing, watches and jewelry, food and beverages, and automobiles). Prospects are in tourism, the gaming industry, the construction industry, energy and transport, which is related to the ongoing and planned construction of a number of infrastructure projects.

2017 2018 2019 2020 2021
Exports from the EU (million EUR) 565 783.9 1,032.60 632.5 1,211.50
Imports into the EU (million EUR) 114 106 86.3 51 41.5
Balance with the EU (million EUR) -450.9 -677.8 -946.3 -581.5 -1,170.0

Source: European Commission

Trade relations with the Czech Republic

Among the main items of Czech exports are glass products and especially chandeliers; machinery and equipment generally used in industry; photographic equipment, optical products; electrical equipment, devices and appliances; travel haberdashery, handbags and similar products; edible products and preparations; medicines and pharmaceuticals Ware. Clothes and linen make up 70% of Czech imports. TV receivers, footwear, measuring instruments, cosmetics, fittings and musical instruments are also imported.

2017 2018 2019 2020 2021
Exports from the Czech Republic (billion CZK) 0 0.1 0.1 0 ON
Imports to the Czech Republic (billion CZK) 0.2 ON ON ON ON
Balance with the Czech Republic (billion CZK) 0.1 -0.1 0 0 ON

Source: CZSO

Trade relations with countries outside the EU

Macau’s main trading partners are the PRC, Hong Kong and other states of the region.

2017 2018 2019 2020 2021
Exports from countries outside the EU (million EUR) 630 ON ON ON ON
Imports to countries outside the EU (million EUR) 7,917.6 ON ON ON ON
Balance with non-EU countries (million EUR) -7,287.6 ON ON ON ON

Source: EIU, Eurostat

Foreign direct investment

FTAs and treaties

Macau has its own aviation, consular, economic and judicial agreements that do not apply in the rest of the PRC and vice versa. The Czech Republic has an Aviation Agreement with Macao dated 25.9.2001.

Developmental cooperation

Macao SAR does not accept development aid. Information on the development aid provided by it is not available.

Prospective fields of study (MOP)

Food industry

Agriculture in Macau is quite limited due to its area, 98% of agricultural products are imported. To a large extent, Macao, like Hong Kong, imports e.g. powdered milk. There is also increased demand for organic food and healthy nutrition. The beverage industry can also be considered promising. That is, products such as wine, liqueurs, beer, or mineral waters.

Design

The construction of hotels and the popularity of the city as a center of the gaming industry on the part of mobile citizens of the PRC creates opportunities for Czech companies in the segment of branded consumer goods, e.g. luxury glass, glass jewelry, etc.

Green technologies

The rapid economic development of southern China in the last decade brings with it the need to protect the environment, which has been greatly damaged by industrial production. The authorities are starting to gradually introduce legislative measures that allow polluters to be affected. Local enterprises focused on environmental protection are looking for foreign technologies in the fields of waste management, wastewater treatment, energy saving, air pollution and noise abatement.

The investment is prospective in the field of tourism and services in general. In recent years, Macao has seen significant investments in infrastructure (airport, new container terminal, new terminal for passenger shipping, sewage treatment plants) etc. Construction of new residential and commercial projects is being carried out on land reclaimed from the sea between the islands of Taipa and Coloane. The implementation of connecting the infrastructure of Macao, Hong Kong and the southern Chinese province of Guangdong is underway.

Macau, China Trade