China is Portugal’s third largest export market outside Europe

1 March 2013

China has become Portugal’s third-largest export market outside Europe, following Angola and the United States, the chairman of the Luso-Chinese Chamber of Commerce and Industry (CCIL-C) João Marques da Cruz said Thursday.

Speaking about developing two-way relations between Portugal and China, Marques da Cruz said that trade with China had exceeded trade with Brazil and added that this was a recent phenomenon, given that 10 years ago China was not even in the top ten extra-EU trading partners.

According to the chairman of CCIL-C, Portugal should have a “strategic understanding agreement” with China, identical to the one that links Beijing and Berlin, with regular summits between the governments.

In 2012 trade between Portugal and China totalled US$4.019 billion (1.43 percent more year on year). 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). (macauhub)