Trade between China and Portuguese-speaking countries falls 31.64 percent in first eight months of 2009

30 October 2009

Macau, China, 30 Oct – Trade between China and Portuguese-speaking countries fell 31.64 percent between January and August of 2009 to US$36.49 billion against the first eight months of 2008, according to official figures published in Macau.

In the period, China sold products to the value of US$10.88 billion, or 32.35 percent less that between January and August 2008, and purchased products worth US$25.60 billion, or 31.33 percent less than in the first eight months of last year.

Brazil continues to be the main Portuguese-speaking partner for China with total trade of US$25.4 billion, or 22.8 percent less than between January and August 2008.

Exports from China to Brazil totalled US$7.78 billion – 38.7 percent less – whilst Chinese imports from Brazil totalled US$17.6 billion, or 12.8 percent less.

With Angola, China’s second-largest Portuguese-speaking trading partner, trade totalled US$9.2 billion, or 50.3 percent less than in the same period of last year, with Chinese acquisitions totalling US$7.59 billion or 55 percent less and sales totalled US$1.6 billion, or 5.1 percent less.

Portugal, which is China’s third Portuguese-speaking partner, imported US$1.18 billion in Chinese goods as compared to China acquiring US$288 million in Portuguese goods, figures which represent a drop of 20.10 percent in Chinese sales and rise of 23 percent in Portugal’s sales to China.

China set up the Special Administrative Region of Macau as a platform to boost cooperation between China and the Portuguese-speaking countries in 2003, the year in which it set up the forum that meets on a ministerial level every three years. (macauhub)