Portuguese exports to China up by more than a half in 2005

10 January 2006

Lisbon, Portugal, 10 Jan – Exports from Portugal to China increased some 57.4 percent from January to November 2005 in a year-on-year comparison, Lisbon’s biggest trade increase with countries outside the European Union, official figures released Tuesday show.

Portuguese exports to China in the first 11 months of last year were worth 150 million euros, compared to imports valued at 525 million euros from the emerging Asian superpower, the National Statistics Institute in Lisbon said.

Portuguese trade with Lusophone African states is also expanding and imports from these countries rose by 74 percent to a value to 62 million euros in the first 11 months of 2005.

Exports from Portugal to Angola, Mozambique, Cape Verde, Sao Tome and Principe and Guinea-Bissau climbed by 10 percent, corresponding to a value of 952 million euros and a trade surplus of 890 million euros in Portugal’s favor.

Portuguese sales to OPEC states also rose last year, in contrast to member states of EFTA, the United States and Japan, the official figures show.

Import values from OPEC countries to Portugal rocketed by 58.8 percent to over 3 billion euros.

Portugal’s total trade deficit increased by 25 percent from January to November 2005. (macauhub)