Trade between China and Portuguese-speaking countries totals US$51.77 billion in first five months of 2012

2 July 2012

Trade between China and the eight Portuguese-speaking countries from January to May, 2012 totalled US$51.77 billion, a year-on-year rise of 20.15 percent, according to official figures from China published in Macau.

In the period, China exported goods to the eight Portuguese-speaking countries worth US$15.28 billion and imported goods worth US$36.48, generating a trade deficit of US$21.2 billion.

With Brazil, China’s main trading partner amongst the Portuguese-speaking nations, bilateral trade totalled US$33.23 billion, with Brazil acquiring goods worth US$12.56 billion and selling goods worth US$20.66 billion.

Angola is China second-biggest Portuguese-speaking trading partner as it is the one of the Asian giant’s biggest suppliers of oil. Trade between China and Angola totalled US$16.36 billion in the period as a result of Angolan exports worth US$15.03 billion and imports of US$1.32 billion.

Trade between China and Portugal totalled US$1.63 billion in the first five months of the year. US$1.01 billion were Portuguese imports from China and US$623 were Portuguese exports to China.

Mozambique, the fourth country on the list, in the first five months of 2012 posted trade with China of US$479 million, with Mozambican sales worth US$162 million and Chinese sales totalling US$316 million. (macauhub)