Consulate General of India
Hong Kong
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India- Macau SAR Bilateral Relations
The mainstay of Macau’s economy is
tourism and gambling industry. Macau is an attractive tourist destination for
Indians.
2.
There is a small Indian community in Macau, majority of them are of Goan
origin. These include professionals, people in Government Departments and those
working in hotels and restaurants and in the gaming industry.
3. India
has signed two bilateral agreements with Macau. These are the Air Services
Agreement signed in February 1998 and the Agreement for the Exchange of
Information with Respect to Taxes signed in January 2012.
India- Macau SAR Bilateral Trade
$ Millions
Values in US
| Export/Import |
FY2018-19 |
FY2019-20 |
FY2020-21 |
FY2021-22 |
FY2022-23 |
FY2023-24 |
| Total |
Growth % |
Total |
Growth % |
Total |
Growth % |
Total |
Growth % |
Total |
Growth % |
Total |
Growth % |
| Indian Exports to Macau |
1.06 |
-92.45 |
6.28 |
495.2 |
8.96 |
42.6 |
12.04 |
34.4 |
4.35 |
-63.87 |
0.96 |
-77.96 |
| Indian Imports to Macau |
6.29 |
-24.1 |
5.09 |
-19.1 |
24.52 |
381.7 |
20.11 |
-18.0 |
13.4 |
-33.37 |
7.55 |
-43.66 |
| Total Bilateral Trade |
7.35 |
-66.9 |
11.37 |
54.7 |
33.48 |
194.5 |
32.15 |
-3.9 |
17.75 |
-44.80 |
8.51 |
-52.07 |
| Trade Balance |
-5.23 |
1.19 |
-15.56 |
-8.07 |
-9.05 |
-6.59 |
|
(Source:
DGCI&S, India)
4. The total trade between India and Macau was worth US$ 8.51 million in FY 2023-24, wherein India's exports to Macau were valued at US$ 0.96 million and Macau's exports to India were valued at US$ 7.55 million. Major products of export from India are Cotton, Vehicles, Articles of Leather, Pharmaceutical products, and Other made-up textile articles. Major imports from Macau included Electrical machinery, Organic chemicals, Furniture, and Raw Hides and Skins.
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