Macau: Trade between China and Portuguese-speaking countries rises 66 pct in 2008

29 April 2009

Macau, China, 29 April – Trade between China and Portuguese-speaking countries totalled US$77.022 billion in 2008, or 66.16 percent more than in 2007, according to a report from Portuguese news agency Lusa.

Between January and December of 2008, China imported goods from Portuguese-speaking countries to the total value of US$52.721 billion, or 66.15 percent more than in 2007, and sold US$24.3 billion, or 66.18 percent more than in the same period of 2007.

Brazil, which is China’s main Portuguese-speaking trading partner, saw trade with The People’s Republic rise 63.52 percent to US$48.573 billion, with Chinese exports totalling US$18.749 billion and imports totalling US$29.823 billion.

Trade with Angola posted growth of 79.30 percent, with Chinese exports totaling US$2.928 billion and imports US$25.311 billion.

Portugal, China’s third-biggest Portuguese-speaking trading partner, posted growth of 21.73 percent in trade with China, to US$2.691 billion, with China importing products to the value of US$387.2 million and selling products worth US$2.304 billion.

The value of trade between China and Portuguese-speaking countries in 2008 greatly exceeded the target of US%50 billion set by the Chinese authorities for 2009, six years after setting up the Forum for Economic and Trade Cooperation between China and the Portuguese-speaking Countries, which is headquartered in Macau. (macauhub)