Trade between China and Portuguese-speaking countries totals US$75.91 billion in first seven months of 2012

31 August 2012

Trade between China and the Portuguese-speaking countries from January to July, 2012 totalled US$75.91 billion, a year-on-year rise of 20 percent, according to official figures from the China Customs Service published in Macau.

In the period, China imported goods from the eight Portuguese-speaking countries worth US$53.12 billion and exported goods worth US$22.78 billion, generating a trade deficit of US$30.34 billion.

This deficit was mainly due to trade with Brazil and Angola, which sold goods to China totalling US$51.96 billion and purchased goods worth US$20.63 billion.

In Brazil’s case, China bought goods worth US$31.1 billion and sold goods totalling US$18.63 billion, taking on a trade deficit of US$12.47 billion.

However, the biggest trade deficit was posted with Angola, which sold goods to China worth US$20.86 billion, basically oil, and bought goods to the value of US$2.09 billion.

With Portugal, which remained in its usual third place as a trading partner amongst the Portuguese-speaking nations, China posted a trade surplus of US$523 million, as a result of sales of US$1.44 billion and acquisitions of US$925 million.

Trade with Mozambique totalled US$751 million as a result of Chinese imports from Mozambique worth US$227 million and exports to Mozambique worth US$524 million. (macauhub)