Population - 631,640
Macau is a Special Administrative Region of the People's Republic of China. It operates as a separate customs territory. It shares many of Hong Kong's business characteristics: it is an open economy and free port; the political environment is stable and the economic outlook is positive.
Macau is currently our 108th largest goods trading partner with $598 million in total (two way) goods trade during 2017. Goods exports totaled $502 million; goods imports totaled $95 million. The U.S. goods trade surplus with Macau was $407 million in 2017.
ts foreign relations and defense are the responsibility of China. However, China grants Macau considerable autonomy in economic and commercial relations. Macau is a separate customs territory and economic entity from the rest of China and is able to enter into international agreements on its own behalf in commercial, economic and certain legal matters.
U.S. policy toward Macau is grounded in the U.S. Macau Policy Act of 1999 and reflects U.S. support for Macau’s autonomy under the “One Country, Two Systems” framework established in Macau’s Basic Law. The U.S. promotes trade and investment in Macau, supports broadening law enforcement cooperation, works to bolster academic, educational, and cultural links, supports official U.S. visitors to Macau, and serves the growing numbers of U.S. citizen residents and visitors in Macau. U.S. residents in Macau are estimated at over 4,000.
In 2017, the United States accounted for 6.9% of Macau's exports and 5.5% of its imports. U.S. investment has played a leading role in the development of Macau’s gaming and entertainment sector. As of the end of 2016, the total stock of U.S. foreign direct investment in Macau totaled $23.8 billion.
MISCELLANEOUS INVESTMENT FACTS
Macau was the United States' 95th largest goods export market in 2017.
U.S. goods exports to Macau in 2017 were $502 million, down 20.6% ($130 million) from 2016 but up 121.7% from 2007.
The top export categories (2-digit HS) in 2017 were: aircraft ($219 million), special other (low value estimates) ($107 million), precious metal and stone (jewelry) ($49 million), electrical machinery ($38 million), and machinery ($27 million).
U.S. total exports of agricultural products to Macau totaled $3 million in 2017. Leading domestic export categories include: wine & beer ($1 million), tree nuts ($296 thousand), processed fruit ($180 thousand), condiments & sauces ($130 thousand), and snack foods nesoi ($100 thousand).
U.S. foreign direct investment (FDI) in Macau (stock) was $2.5 billion in 2016.
Treaties & Agreements
Macau and the United States belong to a number of the same international organizations, including the World Trade Organization; the Egmont Group, an informal international gathering of financial intelligence units; and the Asia/Pacific Group on Money Laundering, a Financial Action Task Force-style regional body.
Overview of Opportunities in Macau
Relevant Industries to Focus On
Cosmetics and Toiletries
Gas, Oil, and Petroleum
Precious Stones and Metals