Trade between China and Portuguese-speaking countries rises 77 pct in first half

29 July 2010

Macau, China, 29 July – Trade between China and Portuguese-speaking countries rose 77 percent in the first six months of this year to US$41.688 billion against the same period of 2009, according to official figures published in Macau Thursday.

According to statistics from the Chinese Customs Service, Brazil, with US$26.391 billion in trade – of which US$16.073 billion were in sales to China – remains the biggest Portuguese-speaking trading partner with an increase of 60 percent in the period.

China exported goods worth US$10.317 billion to Brazil, a rise of 104 percent against the first half of 2009.

Angola is China’s second-largest Portuguese-speaking trading partner with trade of US$13.45 billion in the first half of 2010, or 133 percent more than in the same period of 2009.

Angola’s sales totalled US$12.545 billion – mainly in oil – or 185 percent more than in the first half of 2009 and China’s exports to Angola totalled US$905 million, 34 percent down on the same period of last year.

Portugal, China’s third Portuguese-speaking partner, received Chinese goods worth US$1.187 billion, as compared to Chinese purchases of US$334 million, which accounted for rises of 40 percent and 74 percent, respectively.

From January to June total trade between Portugal and China was US$1.521 billion, or 46 percent more year on year.

Angola and East Timor saw the biggest percentage rises in trade with China, of 133 percent and 132 percent, respectively, whilst Sao Tome and Principe, which does not have diplomatic relations with Beijing, saw a slight rise, of 8.7 percent.

Between January and June the eight Portuguese-speaking nations posted rises in trade with China, according to information published on the website of the Forum for Economic and Trade Cooperation between China and the Portuguese-speaking Countries(Macau).

China’s imports from the eight countries rose 80 percent overall in the first six months of the year to US$29.014 billion whilst Chinese exports saw a year on year rise of 70 percent to US$12.674 billion. (macauhub)