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Macao

Macao ranked No. 108 in total trade value through October with a total of $548.74 million. Exports totaled $461.12 million and Imports totaled $87.62 million, a surplus of $373.49 million.

U.S. trade with Macao rose to $548.74 million through October

Macao’s trade with the United States rose to $548.74 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 10.89 percent above its total trade during the same time period last year. Macao’s exports increased 10.87 percent while imports rose 11.03 percent. The U.S. surplus with Macao was $373.49 million.

Through October, the top five among the nation’s airports, seaports and border crossings 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. 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 Los Angeles. In the current time period, the top five accounted for 75.25 percent of Macao’s U.S. trade.

Among those top five:

  • Trade with No. 1 Cleveland’s Hopkins International Airport, Ohio rose 10.74 percent to $203.42 million.
    Exports rose 10.35 percent to $202.27 million. Imports rose 189.85 percent to $1.15 million.
  • Trade with No. 2 Low-Valued Imports and Exports rose 11.51 percent to $68.46 million.
    Exports rose 11.51 percent to $68.46 million. There were no imports.
  • Trade with No. 3 John F. Kennedy International Airport fell 0.41 percent to $52.78 million.
    Exports rose 18.58 percent to $38.52 million. Imports fell 30.47 percent to $14.26 million.
  • Trade with No. 4 Anchorage International Airport, Alaska rose 26.21 percent to $50.75 million.
    Exports rose 13.46 percent to $39.03 million. Imports rose 101.78 percent to $11.72 million.
  • Trade with No. 5 Port of New Orleans rose 28.31 percent to $37.54 million.
    Exports rose 33.35 percent to $18.32 million. Imports rose 23.85 percent to $19.21 million.

Macao ranked No. 108 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 109.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Macao by value through October were the categories of Civilian aircraft, parts; Low value shipments; Jewelry, parts; Value added to a returned import; and Cell phones, related equipment, respectively. They accounted for 81.81 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; Glass containers for packing; Men’s or boys’ underwear; Cell phones, related equipment; and Antibiotics –– accounted for 71.13 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 19.01 percent compared to last year to $211.64 million.
  • Low value shipments rose 11.51 percent compared to last year to $68.46 million.
  • Jewelry, parts rose 22.81 percent compared to last year to $49.62 million.
  • Value added to a returned import fell 6.2 percent compared to last year to $26.83 million.
  • Cell phones, related equipment fell 1.68 percent compared to last year to $20.7 million.

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

  • Value added to a returned import rose 28.63 percent compared to last year to $43.04 million.
  • Glass containers for packing fell 28 percent compared to last year to $5.99 million.
  • Men’s or boys’ underwear fell 29.05 percent compared to last year to $4.55 million.
  • Cell phones, related equipment rose 497.67 percent compared to last year to $4.52 million.
  • Antibiotics fell 42.22 percent compared to last year to $4.23 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.