China is one of the main destinations of Portuguese exports

10 August 2012

Portuguese exports of goods to China rose 183.3 percent in the first half of this year, making the country Portugal’s 10th largest customer, ahead of Brazil, according to figures published in Lisbon by the National Statistics Institute.

In the first six months of this year Portugal sold 440.6 million euros of goods to China, which was almost three times the 155.6 million euros it sold in the first half of 2011, INE said cited by Portuguese news agency Lusa.

Sales of Portuguese goods to China have increased significantly in the last few years, and in 2009 they stood at just 97.3 million euros.

This means that China is now one of the top ten destinations for Portuguese goods, which remain dominated by the euro Zone (six of the top ten), other traditional customers (United Kingdom and USA) and by Angola (which remains the fourth-largest destination for Portugal’s exports.)

China thus overtook Brazil although exports to Brazil also rose in the first half of this year by 8.9 percent, which practically the overall average rate for exports (9%). (macauhub)