French Business in Macau

1. Export Performance in 2023:

• French exports to Macau experienced a significant decline of 17.3%, totaling 464.8 million EUR.
• Notable decreases were observed in exports of jewelry and watches (-42.6% to 53 million EUR), wines (-71.7% to 6 million EUR), and watches (-76% to 5.7 million EUR).
• Conversely, exports of leather goods, the leading French export category to Macau, saw a modest increase of 3.6% to 130.2 million EUR.

2. Impact of Tourism on Exports:

• The surge in visitor numbers in 2023 (+28.2 million, a 395% increase) positively influenced the hospitality sector and boosted agro-food exports.
• Food products increased by 50% to 4.1 million EUR, and spirits exports skyrocketed by 466.6% to 15 million EUR.

3. Trade Position and Market Share:

• According to Macau customs, France maintained its position as the second-largest supplier to Macau in 2023, with a trade value of 2.6 billion EUR and a market share of 16.1%.
• France's market share decreased slightly from 18.7% in 2022, ranking behind China (28.6%).
• France outranks other major suppliers including Italy, Switzerland, Japan, the United States, and Hong Kong.

4. Import Trends from France:

• Total imports to Macau increased marginally by 1.2% to 16.2 billion EUR in 2023.
• Imports from France, however, decreased by 12.9% to 2.6 billion EUR, with a significant drop in cosmetics imports (-22.8%).

5. French Business Presence in Macau:

• French companies have a substantial and long-standing presence in Macau, with several subsidiaries operating across various sectors.
• Key sectors include luxury goods, represented by brands like Cartier, Chanel, Dior, Hermès, and Louis Vuitton.
• Other sectors include wines and spirits (Moët Hennessy, Pernod Ricard, Remy Cointreau), agro-food (Classic Fine Foods, Répertoire Culinaire Limited), water treatment (Suez and Macau Water Supply Company), hospitality (ACCOR's Sofitel Macau), urban equipment (JCDecaux), aerospace (Airbus and ADPi), and construction (Dragages Bouygues, Egis, Saint-Gobain, Schneider Electric, Vinci).

Source: Consulate General of France in Hong Kong and Macau