Trade between China and the Portuguese-speaking countries falls 23pct in 1st quarter

Trade between China and the Portuguese-speaking countries contracted by 23.03 percent year on year in the first quarter of the year to US$16.727 billion, according to official figures published in Macau.

Over the first three months of the year China exported to the eight Portuguese-speaking countries goods worth US$5.844 billion (-44.95 percent) and imported goods amounting to US$10.882 billion (-2.1 percent), assuming a deficit of US$5.038 billion.

Trade with Brazil fell 19.30 percent to US$11.602 billion, with Chinese sales of US$4.245 million (-47.27 percent) and Brazilian exports increased 16.28 percent to US$7.356 billion.

Chinese sales to Angola in the first quarter registered a decline of 75.36 percent to US$345 million and purchases of Angolan goods fell 27.58 percent to US$3.1 billion, for a bilateral trade of US$3.445 billion, 39.37 percent lower than in the same period of 2015.

Portugal was the country that registered the highest increase in purchases of Chinese, with + 38.01 percent and a value of US$940 million, while China in bought Portuguese goods worth US$296 million (-19.30 percent) for total trade of US$1.237 billion (+17.94 percent).

China’s trade with Mozambique amounted to US$404 million (-31.15 percent), with China exporting goods worth US$275 million (-38.38 percent) and importing goods amounting to US$129 million (-8.17 percent).

China’s trade with other Portuguese-speaking countries – Cabo Verde (Cape Verde), Guinea-Bissau, Timor-Leste (East Timor) and Sao Tome and Principe – in the first three months of the year reached US$37.2 million. (macauhub/AO/BR/CN/CV/GW/MZ/PT/TL/ST)