Macau is a Special Administrative Region (SAR) of the People's Republic of China.
Macau 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.
On the gaming side, the Macau government collected a record 29.3 billion patacas in direct casino taxes in 2007, an increase of 48% over 2006. Official statistics showed that direct gaming taxes accounted for 71.4% of the Macau SAR government's total revenue in 2007. Macao welcomes interest from all sectors.
The Government is also aiming to further develop the hospitality, catering, conference and exhibition sectors after the gradual diversification of the gaming industry over the next five to ten years.Macau is currently our 93rd largest goods trading partner with $1.2 billion in total (two way) goods trade during 2008. Goods exports totaled $307 million; Goods imports totaled $915 million. The U.S. goods trade deficit with Macau was $609 million in 2008.
US-Macau Trade Facts
Macau is currently our 110th largest goods trading partner with $446 million in total (two way) goods trade during 2009. Goods exports totaled $209 million; Goods imports totaled $237 million. The U.S. goods trade deficit with Macau was $28 million in 2009.
Macau was the United States' 117th largest goods export market in 2009.
U.S. goods exports to Macau in 2009 were $209 million, down 31.8% ($98 million) from 2008.
The top export categories (2-digit HS) in 2009 were: Aircraft ($63 million), Special Other (low value shipments) ($42 million), Electrical Machinery ($28 million), Toys and Sports Equipment ($22 million), and Machinery ($8 million),
U.S. agricultural exports to Macau in 2009 were $6 million.
Macau was the United States' 103rd largest supplier of goods imports in 2009.
U.S. goods imports from Macau totaled $237 million in 2009, a 74.1% decrease ($678 million) from 2008.
The five largest import categories in 2009 were: Knit Apparel ($132 million), Woven Apparel ($41 million), Special Other (returns) ($13 million), Electrical Machinery ($12 million), and Machinery ($6 million).
U.S. imports of agricultural products from Macau totaled $752 thousand in 2009.
The U.S. goods trade deficit with Macau was $28 million in 2009, a 95.4% decrease ($581 million) from 2008.
U.S. foreign direct investment (FDI) in Macau (stock) was $2.6 billion in 2008 (latest data available), a 174.5 percent increase from 2007.