China: Trade with Portuguese-speaking countries exceeds US$61 billion in first nine months

14 November 2008

Macau, China, 14 Nov – Trade between China and the Portuguese-speaking countries from January to September 2008 totalled US$61.557 billion, a rise of 92.4 percent against the same period of 2007, according to China’s Customs Bureau.

Cited by the Support Office to the Permanent Secretariat for the Forum for Economic and Trade Cooperation between China and Portuguese-speaking countries, the figures showed that trade between China and the Portuguese-speaking had significantly exceeded the target set for trade in 2009 (US$50 billion)set at the 2nd Ministerial Conference of the Forum.

The value of trade in the first nine months of the year also exceeded trade for the whole of 2007 (US$46.353 billion), and with this rate of grwoth it is expected that trade will exceed US$75 billion by the end of the current year.

China’s imports from Portuguese-speaking countries totalled US$42.672 billion, a rise of 95.4 percent against the same period of 2007, whilst China’s exports to Portuguese-speaking countries totalled US$18.885 billion, a rise of 86.1 percent, against the same period of 2007. (macauhub)

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