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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 Trade


[Amount in US $ million]

 

 

FY 2017-18

FY 2018-19

FY 2019-20

FY 2020-21 

FY 2021-22

FY 2022-23

Export/Import

Total

Growth %

Total

Growth %

Total

Growth %

Total

Growth %

Total

Growth %

Total

Growth %

Indian Exports to Macau 

13.89

818.6%

1.06

-92.4%

6.28

495.2%

8.96

42.6%

12.04

 

 

34.4%

4.35

-63.87%

Indian Imports from Macau

8.30

4.8%

6.29

-24.1%

5.09

-19.1%

24.52

381.7%

20.11

-18.0%

13.4

-33.37%

Total Bilateral Trade

22.19

135.6%

7.35

-66.9%

11.37

54.7%

33.48

194.5%

32.15

-3.9%

17.75

-44.80%

Trade Balance
(for India)

5.59

 

-5.23

 

1.19

 

-15.56

 

 

-8.07

 

-9.05

 

 

(Source: DGCI&S, India)

 

 

4.         The total trade between India and Macau was worth US$ 17.75 million in FY 2022-23, wherein India’s exports to Macau were valued at US$ 04.35 million and Macau’s exports to India were valued at US$ 13.4million. Major products of export from India are Machinery, Optical & medical instruments, Pharmaceutical products and Other made up textile articles while imports from Macau included Electrical machinery, Organic chemicals and Plastic & articles thereof.

 

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