Trade between China and Portuguese-speaking countries rises 60.52 pct between January and August

28 September 2010

Macau, China, 28 Sept – Trade between China and the Portuguese-speaking countries from January to August rose 60.52 percent year on year to US$58.57 billion, according to figures from China’s Customs Bureau.

In the period, China exported goods worth US$18.59 billion and imported goods worth US$39.98 billion, posting a trade deficit of over US$21 billion, mostly with Angola.

Between January and August, China imported goods, mainly oil, from Angola, worth US$16.03 billion and sold goods worth US$1.23 billion, generating a trade deficit of almost US$15 billion.

With Brazil, it’s main trading partner amongst the Portuguese-speaking nations, China posted a trade deficit of just over US$8 billion, following sales of US$15.33 billion and purchases of US$23.35 billion.

Portugal, China’s third Portuguese-speaking partner, received Chinese goods worth US$1.64 billion, as compared to Chinese purchases of US$483 million, accounting for a year on year rise in trade overall of 44.4 percent. (macauhub)