French Business in Macau
French Business in Macau 2026
1. French Exports to Macao 2025:
In 2025, French exports to Macao (according to CPF data) reached €316 million, down 14.4% (year-on-year) compared to 2024. This contraction is mainly explained by the slowdown of the Chinese economy and changing consumer behavior, particularly impacting the luxury goods sector.
The luxury goods and apparel sectors were the hardest hit in this challenging economic context. Exports of leather goods, France's top export category to Macao, fell 4% to €105.9 million. Exports of jewellery dropped 26.6% to €33.3 million, while clothing exports decreased 14.9% to €27.8 million, including a sharp decline in sub-segments such as footwear (€19 million, down 33.4%). Distilled alcoholic beverages fell 45.4% to €14.2 million.
In contrast, certain sectors posted remarkable performances, notably wines (€31.7 million, +41.6%) and games and toys (€8.4 million, +113%), reflecting growing demand.
According to Macao Customs, French exports grew by 5.6% year-on-year to €1.9 billion. France retains its position as Macao's 2nd largest supplier (and 1st largest European supplier) with a market share of 14.2%. It ranks behind China (31.8%) but ahead of Italy (10.3%), Switzerland (5.1%), and the United States (5.1%) (see Appendix 2).
2. 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
Appendix 1: Evolution of the Top 10 French Export Categories to Macao (€ million)
| Industry | Year 2024 | Year 2025 | Change 2024/2025 |
|---|---|---|---|
| Total | 369.1 | 316.0 | -14.4% |
| 1512 - Travel goods, leather goods, saddlery and harness | 110.3 | 105.9 | -4.0% |
| 3212 - Jewellery and bijouterie | 45.4 | 33.3 | -26.6% |
| 1102 - Wines | 22.4 | 31.7 | +41.6% |
| 1413 - Other outer garments | 32.7 | 27.8 | -14.9% |
| 1419 - Other clothing and accessories | 30.8 | 24.2 | -21.6% |
| 1520 - Footwear | 28.5 | 19.0 | -33.4% |
| 1101 - Distilled alcoholic beverages | 26.2 | 14.3 | -45.4% |
| 3240 - Games and toys | 4.8 | 10.3 | +113.0% |
| 1439 - Other knitted articles | 12.5 | 8.4 | -33.4% |
| 1414 - Underwear | 10.8 | 8.0 | -26.0% |
Source: French Customs, country data according to CPF
