Trade between China and Portuguese-speaking countries reaches US$77.423 billion from January to July

1 September 2014

Trade between China and Portuguese-speaking countries reached US$77.423 billion from January to July, an annual rise of 5.12 percent, according to figures from China’s Customs Service published in Macau.

That amount was due to Chinese exports of US$24.628 billion (+1.68 percent) and imports of US$52.795 billion (+6.81 percent), with China posting a trade deficit in the period of US$28.167 billion.

In the list of China’s main trading partners amongst the eight Portuguese-speaking countries Brazil, which is in fact China’s largest trading partner in the world, with US$51.665 billion (+2.15 percent), representing Chinese exports of US$19.38 billion (-2.82 percent) and Chinese imports of US$32.284 billion (+ 8.44 percent).

Angola ranks second with two-way trade of US$21.845 billion (+0.91 percent), from Chinese exports to Angola of US$2.602 billion (+20.19 percent) and Angolan exports to China, almost entirely oil exports, of US$19.242 billion (+3.10 percent).

Portugal is in third place, far behind Brazil and Angola, with trade of US$2.733 billion (+24.84 percent), made up of Chinese exports worth US$1.776 billion (+25.69 percent) and imports from Portugal worth US$957 million (+23.28 percent).

Mozambique is ranked fourth with trade totalling US$1.071 billion (+25.78 percent), the result of Chinese exports of US$801 million (+24.05 percent) and imports of US$270 million (+32.11 percent).

The other Portuguese-speaking countries – Cabo Verde (Cape Verde), Guinea-Bissau, Timor-Leste (East Timor) and Sao Tome and Principe – posted trade with China in the amount of US$107.3 million. (macauhub/CN/AO/BR/CV/GW/MZ/PT/TL/ST)