China’s trade with Angola and Brazil accounts for 95 pct of trade with the eight Portuguese-speaking countries

6 June 2014

Trade between China and the Portuguese-speaking countries rose 12.25 percent year on year to US$41.347 billion in the first four months of 2014 (January to April), according to figures published by Forum Macau.

In the first four months of the year China sold goods to the eight Portuguese-speaking countries worth US$13.366 billion (7.38 percent more than in the same period of 2013) and bought goods worth US$27.980 billion (14.75 percent more), leading to a trade deficit of US$14.614 billion.

Brazil is China’s biggest trading partner amongst the eight countries with total trade of US$25.921 billion (12.69 percent more), or 63 percent of the total, and of that amount US$10.62 billion were exports from China to Brazil and US$15.291 were exports from Brazil to China.

The second-biggest trading partner was Angola, which between January and April posted total trade with China of US$13.335 billion as a result of Angolan sales of US$ 13.335 million (9.26 percent more), or 32 percent of the total, as a result of Angola exports of US$12,034 billion and Chinese exports worth US$1.3 billion.

In third place was Portugal, which posted total trade with China of US$1.456 billion (26.08 percent more). Of this total US$977 million were Chinese sales to Portugal and US$479 million Portuguese sales to China.

Mozambique was the fourth trading partner amongst the eight countries and its trade with China totalled US$581 million in the first four months of the year (32.19 percent more), as China sold goods worth US$421 million and bought goods from Mozambique totalling US$160 million.

China’s trade with the remaining four Portuguese-speaking countries – Cabo Verde (Cape Verde), Guinea Bissau, Sao Tome and Principe and Timor-Leste (East Timor) – totalled US$51.6 million, of which US$36.7 million were exports from China and US$13.9 million were exports to China. (macauhub/CN/AO/BR/PT/MZ/CV/GW/ST/TL)