Trade between China and Portuguese-speaking countries shrinks 25 pct from January to August 2015

13 October 2015

The value of trade between China and the Portuguese-speaking countries fell almost 25 percent to US$67.839 billion in the period from January to August, according to official figures published in Macau.

Trade between China and the eight Portuguese-speaking countries was pushed downwards mainly by falls recorded in trade with Brazil and Angola, during the first eight months of the year.

The decline in trade from China to Brazil and Angola – US$85.276 billion from January to August 2014 to US$63.149 billion in the first eight months of the year – has made the weight of these two countries in the set of eight Portuguese-speaking countries fall by 1.6 percentage points, from 94.68 percent to 93.08 percent.

In the first eight months of the year trade between China and Brazil fell 18.89 percent to US$48.923 billion, with China exporting goods worth US$19.837 billion (-12.53 percent) and importing Brazilian products in the amount of US$29.086 billion (-22.72 percent).

With Angola, the second most important trading partner amongst the eight Portuguese-speaking nations, China recorded trade worth US$14.226 billion (-43.00 percent), a result of Chinese exports worth US$2.668 billion (-16.13 percent) and imports of US$11.558 billion (-46.93 percent).

Portugal as usual comes third in the list, registering trade with China from January to August in the amount of US$3.001 billion (-7.15 percent), with Chinese exports worth US$1.962 billion (-5.85 percent) and Portuguese exports which reached US$1.036 billion (-9.52 percent).

Mozambique appears soon after with a bilateral amount of US$1.571 billion (+10.36 percent), while China sold goods to Mozambique worth US$1.279 billion (+27.81 percent) and bought products from Mozambique worth US$292 million (-30.90 percent).

With the remaining four Portuguese-speaking countries – Cabo Verde (Cape Verde), Guinea-Bissau, Timor-Leste (East Timor) and São Tomé and Principe – trade recorded from January to August amounted to US$116 million. (macauhub/AO/BR/CN/CV/GW/MZ/PT/TL/ST)