Trade between China and Portuguese language states down 29.27 percent to September

6 November 2009

Macau, China, 6 Nov – Trade between China and the Lusophone bloc fell 29.27 percent between January and September this year to US$ 43.53 billion in a year-on-year comparison, according to official figures from China’s customs services.

In spite of the negative statistics the first three quarters of 2009 showed some recovery compared to August when the fall was 31.64 percent for the first eight months of the year compared to the same period in 2008.

The official figures show China sold products valued at US$ 12.84 billion to the eight Portuguese-speaking counties, who imported goods worth US$ 30.69 billion in return from China.

Figures for the first nine months of 2009 reveal a 31.98 percent fall in Chinese exports and 28.07 percent drop in its imports.

Brazil continues as China’s main Lusophone trading partner with two-way exchanges at US$ 30.48 billion, down 21.10 percent compared to January to September 2008.

Chinese export sales to Brazil were valued at US$ 9.35 billion, a fall of 37.30 percent, while Brazil’s exports to China were worth US$ 21.12 billion, a fall of 10.9 percent.

Angola was China’s second-biggest trading partner with commercial exchanges of US$ 10.96 billion, down 47.40 percent compared to the first three quarters of 2008. Chinese purchases from Angola were US$ 9.12 billion, down 51.30 percent, and its exports totaled US$ 1.8 billion, down 12 percent.

Portugal was China’s third-largest trading partner importing US$ 1.36 billion worth of goods and exporting US$ 335.6 million representing a fall of 20.40 percent in Chinese sales and a 21.50 drop in Portugal’s exports to China.

China set up the Macau Special Administrative Region as a platform to bolster its economic and trade cooperation with the Portuguese-speaking world. Beijing created the Macau-based Lusophone-China trade forum in 2003. (macauhub)