Trade between China and Portuguese-speaking countries falls by 25.73pct in 2015

The value of trade between China and the Portuguese-speaking countries fell by 25.73 percent in 2015 to US$98.474 billion, a real loss of US$34.106 billion, according to official Chinese figures.

The only positive changes in the value of trade occurred in Timor Leste (East Timor – US$106.67 million or +76.48 percent) and Sao Tome and Principe (US$7,9 million or +37.99 percent).

Trade with Brazil, China’s main trading partner globally, fell by 17.37 percent to US$71.808 billion, with China selling goods to Brazil worth US$27.482 billion (-21.47 percent ) and purchasing goods in the amount of US$44.380 billion (-14.61 percent).

Angola, as usual came in second place with two-way trade of US$19.705 billion (-46.84 percent), which resulted from Chinese sales in the amount of US$3.722 billion (-37.71 percent) and imports reached US$15.983 billion (-48.60 percent).

China’s trade with Portugal declined by 8.99 percent to US$4.370 billion, an amount that brings together Chinese exports to Portugal of US$2.898 billion (-7.61 percent) and imports of Portuguese products in the amount of US$1.471 billion (-11.59 percent).

Trade with Mozambique fell 33.95 percent to US$2.393 billion, while China sold products to Mozambique worth US$1.941 billion (-1.47 percent) and purchased goods amounting to US$451 million (-72.66 percent).

With other Portuguese-speaking countries – Cabo Verde (Cape Verde), Guinea-Bissau, Timor Leste (East Timor) and Sao Tome and Principe – trade with China amounted to US$196 million.

In December 2015, trade between China and the Portuguese-speaking countries totalled US$7.573 billion (+12.66 percent), as a result of Chinese exports worth US$2.770 billion (+22.12 percent) and imports amounting to US$4.802 billion (+7.85 percent). (macauhub/AO/BR/CN/CV/GW/MZ/PT/TL/ST)