Trade between China and Portuguese-speaking countries totals US$117.23 billion in 2011

3 February 2012

Macau, China, 3 Feb – Trade between China and the eight Portuguese-speaking countries rose 28.23 percent year-on-year in 2011 to US$117.23 billion, according to figures from China’s Customs Service published Thursday in Macau.

Trade was particularly negative for China, which in 2011 imported goods from the eight Portuguese-speaking countries – Angola, Brazil, Cape Verde, Guinea Bissau, Mozambique, Portugal, East Timor and Sao Tome and Principe – worth US$78.96 billion and exported goods to those markets totalling US$38.27 billion, leading to a trade deficit for China of US$40.69 billion.

This deficit was due to trade with Brazil, the main partner amongst the Portuguese-speaking countries, from which China bought goods worth US$52.64 billion and to which it sold goods worth US$31.85 billion. Angola sold goods to China worth US$24.88 billion and bought goods from China worth just US$2.78 billion.

In third place on the list was Portugal which in 2011 bought goods from China in the amount of US$2.8 billion and sold goods worth US$1.16 billion.

Mozambique was China’s fourth-biggest trading partner amongst the countries with bilateral trade of US$593 million. The African country sold goods to China worth US$255 million and acquired goods worth a total of US$698 million in 2011. (macauhub)