Trade between China and Portuguese-speaking countries totals US$128.497 billion in 2012

1 February 2013

Trade between China and the eight Portuguese-speaking countries totalled US$128.497 billion in 2012, a year-on-year rise of 9.6 percent, according to official figures from the China Customs Service published in Macau Thursday.

Last year, China sold products worth US$41.052 billion to the eight Portuguese-speaking countries and purchased goods worth US$87.445 billion, with China positing an overall deficit of US$46.393 billion, due to deficits posted in trade with Brazil and Angola.

With Brazil two-way trade totalled US$85.484 billion (1.16 percent more), with China selling goods worth US$33.425 billion (4.93 percent more) and buying goods in the amount of US$52.059 billion (1.12 percent less).

Angola, which is traditionally China’s second-biggest trading partner amongst the Portuguese-speaking nations, sold goods, mainly oil, to the value of US$33.458 billion (34.43 percent more) to China and acquired goods worth US$4.044 billion (45.39 percent more), and its trade surplus with China was US$29.414 billion.

Portugal was the third –biggest trading partner with two-way trade of US$4.09 billion (1.43 percent). China sold goods to Portugal worth US$2.502 billion (10.67 percent less) and acquired goods from Portugal in the amount of US$1.517 billion (30.59 percent more).

Mozambique remained China’s fourth-biggest trading partner amongst the Portuguese-speaking nations, with total trade of US$1.344 billion (40.94 percent more), by buying goods worth US$941 million (34.83 percent more) and selling goods worth US$402 million (57.64 percent more).

In December alone the trade between China and the eight Portuguese-speaking countries totalled US$10.766 billion (12.96 percent more). (macauhub)

MACAUHUB FRENCH