Trade between China and Portuguese-speaking countries exceeds US$75 billion in first ten months of 2010

1 December 2010

Macau, China, 1 Dec – Trade between China and the Portuguese-speaking countries from January to October rose 49.45 percent year on year to US$75.07 billion, according to official figures published Tuesday in Macau.

Figures from the Chinese Customs Service showed that in the period China purchased goods from Portuguese-speaking markets to the value of US$51.01 billion (43.78 percent more) and sold goods in the amount of US$24.05 billion (63.10 percent more).

With Brazil, China’s main trading partner amongst the Portuguese-speaking nations, bilateral trade totalled US$50.76 billion, with China acquiring goods worth US$30.90 billion and selling goods worth US$19.86 billion.

Similarly to Brazil, China also posted a deficit in its trade with Angola, on acquiring goods – mainly oil – in the value of US$19.36 billion and selling goods worth US$1.67 billion to Angola.

In the period Angola was the only country which saw a decline in imports from China.

Portugal’s trade with China in the period totalled US$2.625 billion, with Portuguese sales rising 55.9 percent to US$593 million, whilst China sold goods to Portugal worth US$2.031 billion, or 32,3 percent more year on year. (macauhub)