Trade between China and Portuguese-speaking countries exceeds US$96 billion in first ten months of 2011

1 December 2011

Macau, China, 1 Dec – Trade between China and the eight Portuguese-speaking countries from January to October totalled US$96.34 billion, a rise of 28.33 percent according to official figures from China’s Customs Bureau published in Macau.

In the 10-month period, China exported goods to the eight Portuguese-speaking countries worth US$31.98 billion and imported goods totalling US$64.35 billion, leading to a trade deficit for China of US$32.37 billion.

With Brazil, China’s main trading partner amongst the Portuguese-speaking nations, bilateral trade totalled US$68.82 billion, with Brazil acquiring goods worth US$26.71 billion and selling goods worth US$43.11 billion.

Angola, China’s second biggest partner amongst the eight countries, sold goods to China, mainly oil, worth US$20.14 billion and purchased goods worth US$2.23 billion, leading to the largest deficit for china in its relationship with the Portuguese-speaking nations of US$17.81 billion, as compared to a deficit of US$16.4 billion with Brazil.

Portugal, in its turn, was ranked third amongst the eight Portuguese-speaking countries by selling goods to China worth US$912 million and purchasing goods worth US$2.35 billion.

Mozambique was the fourth-largest partner amongst the countries, as it bought goods from China worth US$580 million and sold goods worth US$179 million. (macauhub)