Portugal’s exports to China may exceed 1 billion euros in 2014

28 May 2014

The value of Portuguese exports to China is expected to be over 1 billion euros in 2014 if the rate of export growth continues until the end of the year, Portugal’s economy minister, António Pires de Lima, said Tuesday in Lisbon.

In the first quarter of the year Portugal sold goods to China worth US$337 million (247 million euros) and imported goods worth US$948 million (695 million euros).

Pires de Lima was speaking at the “China on the Portuguese export route” lunch conference organised by the Portuguese-Chinese Chamber of Commerce and Industry (CCILC), held in the Portuguese capital.

At the lunch conference, the Chinese ambassador to Portugal, Huang Songfu, said that relations between Portugal and China were at a “new high.”

The ambassador gave the example of private Chinese companies Wuhan Zhongye (moulds) and Zhejiang Huadong (steel sheets), which have started building their factories in northern Portugal. (macauhub/PT/CN)