Macau’s casino-linked exports surge

Macau saw a strong yearly increase in casino-related exports in November, with figures rising by 207.4 per cent yearly to top MOP136.1m (US$16.83m).

According to the most recent figures from Macau’s Statistics and Census Service, “articles for casino” also rose by 326.2 per cent yearly during the first 11 months of the year, topping $101.77m. 

This comes as overall exports actually fell by 1.1 per cent yearly in November and 3.5 per cent during the January to November period, to $170.6m and $1.51bn, respectively.

Looking at imports, luxury goods such as gold jewelry increased by 22.3 per cent yearly during the month, reaching $159.5m, also up 47.9 per cent yearly in the January-November period to $2.69bn.

Those of handbags and wallets rose 3.6 per cent yearly to $103.1m, while those of watches actually fell by 22.5 per cent, to $82.9m.

Luxury goods imports have typically risen in line with an uptick in casino patronage in the SAR.

Source: Asia Gaming Brief