Macau sees 207.4% year-on-year increase in casino-related exports in November

Data from November shows that Macau’s casino-related exports increased by 207.4% year over year to MOP136.1 million ($16.83 million).

Furthermore, according to the most current data from Macau’s Statistics and Census Service (DSEC), “items for casino” climbed by 326.2 percent year over year during the first 11 months of the year, reaching MOP823.1 million ($101.77 million).

Overall Macau exports decreased 1.1 percent year over year in November and 3.5 percent from January to November, amounting to MOP1.38 billion ($170.6 million) and MOP12.24 billion ($1.51 billion), respectively, despite the good growth in the casino-related business.

November saw a 22.3 percent year-over-year rise in imports of luxury goods, such as gold jewelry, reaching MOP1.29 billion ($159.5 million). This sector had year-over-year growth of 47.9 percent from January to November, coming to MOP21.73 billion ($2.69 billion). While watch imports decreased by 22.5 percent to MOP670.6 million ($82.9 million), handbag and wallet imports rose by 3.6 percent year over year to MOP834 million ($103.1 million).

It is stated that import trends of luxury items are often linked to a rise in Macau casino patronage. This demonstrates a connection between the region’s import of upscale goods and the prosperity of the casino industry.

Original story by: Asia Gaming Brief