Trade between China and Portuguese-speaking countries shrinks 25.45 pct from January to September

9 November 2015

Trade between China and Portuguese-speaking countries in the year to September continued on a downward trend, with a contraction of 25.45 percent to US$76.477 million, according to official figures published in Macau.

From January to September 2014 the value of trade between China and the eight Portuguese-speaking countries amounted to US$102.587 billion.

Trade recorded in the period under review resulted from Chinese exports of US$28.667 billion (-13.76 percent) and Chinese imports worth US$47.809 billion (-31.06 percent).

With Brazil, China’s main trading partner globally, exchanges totalled US$55.608 billion (-18.51 percent) and China exported goods worth US$21.968 billion (-14.51 percent) and imported goods worth US$33.639 billion (-20.92 percent).

Angola comes second in terms of importance with trade worth US$15.564 billion (-44.93percent), with Chinese exports worth US$2.938 billion (-24.34 percent) and imports of UA$12.626 billion (-48.21 percent).

Portugal comes a distant third with total two-way trade of US$3.382 billion (-6.39 percent) as a result of Chinese exports worth US$1.195 billion (-5.89 percent) and Portuguese exports worth US$1.187 billion (-7.3 percent).

Mozambique appears as usual in fourth place with trade worth US$1.789 billion (-23.18 percent), a result of Chinese exports worth US$1.45 billion (+17.84 percent) and Mozambican exports of US$338 million (-69.16 percent).

China’s trade with other Portuguese-speaking countries – Cabo Verde (Cape Verde), Guinea-Bissau, Timor-Leste (East Timor) and São Tomé and Príncipe – in the first nine months totalled US$133 million.

In September, the value of China’s trade with Portuguese-speaking countries fell 5.62 percent to US$8.637 million, with Chinese exports amounting to US$2.820 billion (-7.63 percent) and Chinese imports totalling US$5.817 billion (-4.61 percent). (macauhub/AO/BR/CV/GW/MZ/PT/TL/ST)