China: Trade with Portuguese-speaking countries rises 32.1 pct in first 11 months of 2007

29 January 2008

Macau, China, 29 Jan – Trade between China and Portuguese-speaking countries totaled US$41.5 billion between January and November of 2007, or 32.1 percent more than in the same period of 2006, Portuguese news agency Lusa reported in Macau Monday.

Citing an unidentified source, Lusa said that last year trade between China and the Portuguese-speaking countries was expected to have totaled US$45 billion, close to the US$50 billion target set to be reached by the end of 2009.

China’s main Portuguese-speaking partner was Brazil, which in the first 11 months of the year saw trade rise by 45.7 percent to a total of US$27 billion, followed by Angola, with a rise of 9.7 percent to US$11.1 billion.

Portugal is China’s third largest Portuguese-speaking trading partner with total bilateral trade of US$2.12 billion and year on year growth of 29 percent.

Mozambique saw its trade with China rise by 37.2 percent in the period to US$250 million.

Between 2003 and 2006 trade between China and the nations with Portuguese as an official language rose over three-fold to a total of US$34 billion. (macauhub)