Macau ranks 6th globally, 2nd in Asia for services trade

2026-09-16 02:37
BY Rui Pastorin
Comment:0

Macau ranks 6th globally and 2nd in Asia in the Global Services Trade Development Index Report 2026, according to a statement by the Commerce and Investment Promotion Institute (IPIM) on Monday. 

The top 10 economies in the global ranking are listed in the index as follows: the US, Luxembourg, Ireland, the UK, Singapore, Macau, the Netherlands, Germany, France, and Sweden. 

The report was released at an academic exchange meeting in Beijing during the 2026 China International Fair for Trade in Services (CIFTIS), jointly organised by the Ministry of Commerce of the People’s Republic of China and the People’s Government of Beijing Municipality. The statement noted that the fair is the “largest comprehensive exhibition in the field of trade in services”. 

The academic meeting, meanwhile, was jointly organised by the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce (MOC) and the World Bank Office in China.

“The ranking reflects Macau’s highly service-orientated economic structure, as well as its strengths across multiple sub-indicators such as services trade proportion, degree of internationalisation, and competitiveness”, the statement pointed out.

Meanwhile, the statement added that IPIM Director Larry Leong Wa Fong (梁華峰) attended the fair in Beijing to promote the advantages and characteristics of Macau’s trade in services.

During the exchange conference, the statement said that Leong pointed out that over the past three years, Macau’ service sector has maintained a “stable proportion of over 90 percent of the local economy, with service exports showing rapid growth momentum alongside continuous optimisation in structural refinement, quality and efficiency”. 

This photo provided by the Commerce and Investment Promotion Institute (IPIM) on Monday shows the rankings in the Global Services Trade Development Index Report, with Macau ranking sixth. 


0 COMMENTS

Leave a Reply
Venetian