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

Trade between China and Portuguese-speaking countries experienced a real contraction of US$31.674 billion from January to November 2015 compared to the same period of 2014, according to official figures published in Macau.

The registered drop, of 25.84 percent, was due to China selling products to the eight Portuguese-speaking worth US$33.398 billion (-19.68 percent) and importing goods worth US$57.502 billion (-29.00 percent).

Trade with Brazil in the period reached US$66.242 billion (-17.98 percent), with China exporting goods worth US$25.379 billion (-19.98 percent) and importing products costing US$40.862 billion (-16.69 percent).

China’s trade with Angola in the same period totalled US$18.271 billion (-46.24 percent), with Chinese sales amounting to US$3.429 billion (-33.52 percent) and purchases of Angolan products to a total of US$14.841 billion (-48.51 percent).

Portugal is third on this list with trade totalling US$4.015 billion (-7.85 percent), which resulted from Chinese exports worth US$2.647 billion (-7.47 percent) and Portuguese exports amounting to US$1.367 billion (-8.56 percent).

China’s trade with Mozambique totalled US$2.198 billion (-33.22 percent), with China selling goods worth US$1.786 billion (+3.77 percent) and buying goods worth US$412 million (-73.75 percent).

Trade between China and the other Portuguese-speaking countries – Cabo Vede (Cape Verde), Guinea-Bissau, Timor-Leste (East Timor) and São Tomé and Príncipe – in the first 11 months of last year reached US$173.4 million against US$171.7 million in the same period of 2014. (macauhub/AO/BR/CN/CV/GW/MZ/PT/TL/ST)