Brazil, Angola account for 93 pct of Chinese trade with Lusophone bloc

4 January 2006

Macau, China, 4 Jan – Chinese trade with Portuguese-speaking countries is showing rapid growth and Brazil and Angola represented 93 percent of China’s two-way exchanges with the Lusophone world in the first seven months of 2005, according to official figures.

Total Chinese trade with Lusophone countries between January and July of last year was worth US$ 12.1 billion, the Lusa news agency cited on Tuesday official figures released in Macau.

Brazil imported goods and services valued at US$ 2.59 billion from China and its export basket was worth US$ 4.98 billion, while Angola imported US$ 196 million of products and sold some US$ 3.77 billion worth of goods to the emerging Asian superpower.

Portugal was ranked as China’s third-placed trading partner in the Lusophone bloc in the first seven months of 2005, buying US$ 682 million worth of products with exports totaling only US$ 174 million.

Trade between China and Mozambique was worth US$ 100 million in the period under analysis, with Beijing’s commercial ties to the rest of the eight-nation Lusophone bloc being negligible.

China enjoys business and diplomatic relations with all Portuguese-speaking nations, with the exception of Sao Tome and Principe due to its recognition of Taipei (Taiwan). (macauhub)