Macao Ranks 6th Globally in Services Trade Development Index, Gaining High Recognition for Its Trade in Services Advantages
MACAU, September 14 - The Global Services Trade Development Index Report 2026 was released during an academic exchange meeting jointly organised by the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce and the World Bank Office in China. The Macao SAR ranked 6th globally and 2nd in Asia according to the Report, fully affirming Macao’s competitiveness and international influence in the field of trade in services. Larry Leong, Director of the Commerce and Investment Promotion Institute (IPIM) of the Macao SAR, traveled to Beijing recently to attend the 2026 China International Fair for Trade in Services (CIFTIS) and specifically promote the unique advantages and characteristics of Macao's trade in services.
Jointly organised by the Ministry of Commerce of the People's Republic of China and the People's Government of Beijing Municipality, CIFTIS is the world's largest comprehensive exhibition in the field of trade in services. This year marks Macao's 13th consecutive participation in the event. The Global Services Trade Development Index Report 2026 was officially presented at the "Academic Exchange Conference on the Integrated Development of Trade in Services and Services Consumption" (hereinafter referred to as the "Exchange Conference") during CIFTIS. The top ten economies in the global ranking are: the United States, Luxembourg, Ireland, the United Kingdom, Singapore, Macao China, the Netherlands, Germany, France, and Sweden. The ranking reflects Macao's highly service-oriented economic structure, as well as its strengths across multiple sub-indicators such as services trade proportion, degree of internationalisation, and competitiveness. This bears great significance for enhancing Macao's role as a regional service hub and a China-Portuguese-speaking countries (PSCs) co-operation platform.
Showcasing Advantages and Characteristics of Macao’s Trade in Services; with a Pavilion Focusing on Promote Macao-Hengqin Investment and MICE
During the Exchange Conference, IPIM Director Larry Leong stressed that Macao is a service-dominated economy, where trade in services serves as a vital component of Gross Domestic Product (GDP). Over the past three years, the service sector has maintained a stable proportion of over 90% of the local economy, with services exports showing rapid growth momentum alongside continuous optimisation in structural refinement, quality and efficiency.
He added that Macao’s services consumption is accelerating toward higher quality, internationalisation, and digital-intelligence empowerment. Macao is actively advancing the implementation of its Third Five-Year Plan, continuously promoting and optimising the integrated development of services trade and services consumption, strengthening the resilience of appropriately diversified economic development with a view to high-quality economic growth.
At the Exchange Conference, IPIM representatives engaged in exchanges and discussions with guests from international organisations on trending topics in the fields of services trade and services consumption.
To further expand external co-operation and investment promotion, IPIM set up a pavilion at the CIFTIS venue, organising 15 local and Hengqin enterprises specialising in Big Health and high-tech sectors to participate. The pavilion highlighted the development of Macao’s services industry, the investment environment and MICE advantages of Macao and Hengqin, Macao’s role as a China-PSCs platform, and IPIM’s services.
IPIM will continue to deepen exchanges and co-operation with international organisations and mainland partners, promote the landing of more high-quality service projects, and attract premium resources with an open and inclusive posture, thereby empowering Macao’s economic transformation, upgrading, and long-term prosperity.
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