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Macao

Macao ranked No. 105 in total trade value through August with a total of $565 million. Exports totaled $491.56 million and Imports totaled $73.45 million, a surplus of $418.11 million.

U.S. trade with Macao rose to $565 million through August

Macao’s trade with the United States rose to $565 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 33.81 percent above its total trade during the same time period last year. U.S. exports to Macao increased 41.03 percent while U.S. imports from Macao fell 0.36 percent. The U.S. surplus with Macao was $418.11 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Cleveland’s Hopkins International Airport, Ohio; No. 2 John F. Kennedy International Airport; No. 3 Low-Valued Imports and Exports; No. 4 Chicago O’Hare International Airport; and No. 5 Anchorage International Airport, Alaska. During the same period the previous year, the top five were No. 1 Cleveland’s Hopkins International Airport, Ohio No. 2 Low-Valued Imports and Exports No. 3 John F. Kennedy International Airport No. 4 Anchorage International Airport, Alaska and No. 5 Port of New Orleans. In the current time period, the top five accounted for 81.38 percent of Macao’s U.S. trade.

Among those top five:

  • Trade with No. 1 Cleveland’s Hopkins International Airport, Ohio rose 68.25 percent to $253.92 million.
    Exports rose 68.36 percent to $253.31 million. Imports rose 34.2 percent to $616,456.
  • Trade with No. 2 John F. Kennedy International Airport rose 91.85 percent to $84.34 million.
    Exports rose 70.74 percent to $53.29 million. Imports rose 143.51 percent to $31.05 million.
  • Trade with No. 3 Low-Valued Imports and Exports rose 45.99 percent to $76.05 million.
    Exports rose 45.99 percent to $76.05 million. There were no imports.
  • Trade with No. 4 Chicago O’Hare International Airport rose 213.56 percent to $24.68 million.
    Exports rose 238.6 percent to $24.33 million. Imports fell 49.16 percent to $348,170.
  • Trade with No. 5 Anchorage International Airport, Alaska fell 48.87 percent to $20.79 million.
    Exports fell 50.18 percent to $15.44 million. Imports fell 44.68 percent to $5.34 million.

Macao ranked No. 105 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 114.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Macao by value through August were the categories of Civilian aircraft, parts; Low value shipments; Jewelry, parts; Value added to a returned import; and Video game consoles, respectively. They accounted for 87.69 percent of total exports to Macao.

The value of the top five categories of U.S. imports from Macao –– Value added to a returned import; Hats, headgear, knit, lace; Men’s or boys’ underwear; Antibiotics; and Medicines in individual dosages –– accounted for 80.55 percent of all inbound shipments.

Looking more closely at U.S. exports to Macao:

  • Civilian aircraft, parts rose 75.69 percent compared to last year to $276.68 million.
  • Low value shipments rose 45.99 percent compared to last year to $76.05 million.
  • Jewelry, parts rose 16.71 percent compared to last year to $46.13 million.
  • Value added to a returned import rose 12.34 percent compared to last year to $20.89 million.
  • Video game consoles fell 4.93 percent compared to last year to $11.3 million.

Looking more closely at U.S. imports from Macao:

  • Value added to a returned import rose 32.85 percent compared to last year to $47.33 million.
  • Hats, headgear, knit, lace rose 4966.9 percent compared to last year to $4.25 million.
  • Men’s or boys’ underwear rose 29.43 percent compared to last year to $3.69 million.
  • Antibiotics fell 36.35 percent compared to last year to $2.55 million.
  • Medicines in individual dosages fell 62.92 percent compared to last year to $1.34 million.

In the latest annual figures available, Macao recorded $596.74 million in trade with the United States. At year’s end, its were Cleveland; Low Value Shipments; Los Angeles; New York City; and Anchorage. Total U.S. exports to Macao were $ 501.28 million and imports from Macao were $95.47 million. The U.S. surplus with Macao was $405.81 million.