Trade between China and the Portuguese-speaking countries falls 5 pct in first half

20 August 2013

Trade between China and the eight Portuguese-speaking countries totalled US$60.5 billion in the first half of 2013, a year-on-year drop of 4.96 percent, according to official figures from the China Customs Service published in Macau Monday.

In the first six months of the year China sold goods to the eight Portuguese-speaking countries worth US$20 billion (5.67 percent more) and bought goods worth US$40.5 billion, generating a trade deficit of US$20.5 billion.

With Brazil, China’s main trading partner amongst the Portuguese-speaking nations, two-way trade fell by 265 percent year on year, with exports from China rising 5.56 percent to US$16.39 billion and imports into China falling 7.64 percent to US$23.6 billion.

In Angola’s case trade totalled US$17.92 billion (9.94 percent less), with China selling goods worth US$1.84 billion (9.71 percent more) and buying goods, mainly oil, worth US$16.08 billion (11.75 percent less).

Two-way trade with Portugal totalled US$1.85 billion (7.39 percent less), with Portugal selling goods worth US$661.8 million (14.97 percent less) and buying goods from China in the amount of US$1.19 billion (2.59 percent less). (macauhub)

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