China’s trade with Portuguese-speaking countries down 24.21 percent until November

7 January 2010

Macau, China, 7 Jan – Trade between China and the Portuguese-speaking countries fell 24.21 percent between January and November 2009 to US$55.73 billion, compared to the same period in 2008, official Chinese statistics indicate.

The data from Chinese customs show that China sold to the eight Portuguese-speaking countries products worth US$16.61 billion and purchased the equivalent of US$39.11 billion.

The figures from January to November 2009 indicate year-on-year drops in Chinese exports and imports of 27.52 percent and 22.72 percent, respectively.

Brazil continues to be China’s main Portuguese-speaking partner, with a commercial trade volume of US$38.46 billion, 16.80 percent less than between January and November 2008.

Chinese exports to Brazil totalled US$12.34 billion (down 30.90 percent), while Chinese imports stood at US$26.11 billion (down 8 percent).

Angola was China’s second-ranking partner among the Portuguese-speaking countries. The respective trade volume totalled US$14.58 billion dollars, 40.20 percent less than in the first 11 months of 2008.

China purchased the equivalent of US$12.41 billion in Angola, 43 percent less, while sales totalled US$2.1 billion, or 16.90 percent less.

Portugal was China’s third-ranking trading partner among the Portuguese-speaking countries with a commercial trade volume of US$2.13 billion dollars. China exported merchandise worth US$1.7 billion to Portugal, while purchasing the equivalent of US$420 million.

These figures indicate a 20 percent year-on-year drop in Chinese sales and a 19.40 percent rise in Portuguese sales to China.

China established that the Macau Special Administrative Region would be its platform for strengthening economic and commercial ties with the Portuguese-speaking countries in 2003, the year it created a forum that meets at ministerial level every three years.

The forum’s next meeting will be held in Macau in May.