Trade between China and the Portuguese-speaking countries fell 25.54 percent in the first two months of the year compared to the same period of 2015, according to statistics from China’s Customs Service released by Macau Forum.
In the first two months of the year, trade between China and the eight Portuguese-speaking countries amounted to US$11.192 billion and the fall of 25.54 percent is the result of a decrease in Chinese exports to Brazil and Africa, according to the same figures.
In the first two months of the year, China’s exports to Portuguese-speaking countries fell overall by 49.16 percent, while imports increased by 0.95 percent year on year.
China sold 50.27 percent less to Brazil in January and February, 77.32 percent less to Angola, 46.69 percent less to Mozambique, 43.05 percent less to Cabo Verde (Cape Verde), 28.61 percent less to Guinea-Bissau and 22.16 percent less to Sao Tome and Principe.
As for Portugal and Timor-Leste (East Timor), China’s exports increased by 21.11 percent and 13.88 percent, respectively.
Chinese imports from Portuguese-speaking countries fell in almost all cases, the exception being the value of imports from Brazil in the first two months of the year (19.28 percent more).
In February, trade between China and the Portuguese-speaking countries totalled US$5 billion, down 18.26 percent over the previous month.
Brazil continues to be China’s largest trading partner, with two-way trade in January and February totalling over US$7.63 billion. Brazil is followed by Angola (US$2.45 billion), Portugal (US$808 million) and Mozambique (US$274 million).
In 2015, trade between China and the Portuguese-speaking countries fell 25.73 percent to US$98.47 billion, the first decline since 2009.
It was also the first time since 2010 that the annual value fell to less than US$100 billion, according to data compiled by Portuguese news agency Lusa.
Figures from China’s Customs Service include Sao Tome and Principe, although the country has diplomatic relations with Taiwan and is not part of Macau Forum. (macauhub/BR/PT/CN/MZ/AO/CV/ST/GW)