Trade between China and Portuguese-speaking countries down 13% in 1st half-year

10 August 2016

The value of trade between China and the Portuguese language countries fell 13.34 percent year-on-year in the first half of the year to US$41.691 billion, indicate official figures released on Tuesday by Forum Macau.

In the first six months of the year China exported to the eight Portuguese language countries goods worth US$12.938 billion (-33.78 percent) and imported merchandise worth US$28.753 billion (+0.63 percent), incurring a trade deficit of US$15.815 billion.

During the period, Angola and Brazil were responsible for 91 percent of China’s trade with the Portuguese language countries, a combined total of US$38.102 billion, with Brazil accounting for 74 percent of the total.

Trade between Brazil and China amounted in the first half-year to US$30.937 billion (-9.65 percent), with China selling products worth US$9.485 billion (-36.43 percent) and importing goods worth US$21.451 billion (+11.02 percent).

Second-ranked Angola accounted for trade worth US$7.165 billion (-31.29 percent), with Chinese exports falling 66.01 percent to US$729 million and Chinese imports falling to US$6.435 billion (-22.29 percent).

Trade between China and Portugal in the first six months of the year amounted to US$2.634 billion (+22.55 percent), with Chinese exports up 39.31 percent to US$1.976 billion and Portuguese exports down 9.96 percent to US$658 million.

Fourth-ranked Mozambique accounted for US$855.7 million of trade with China (-28.87 percent). Chinese sales fell 33.74 percent to US$648.9 million, while Mozambican exports were down 7.54 percent to US$206.8 million.

The remaining Portuguese language countries (Cabo Verde, Guinea-Bissau, Timor-Leste and São Tomé and Príncipe) accounted for US$97 million worth of trade with China in the first half-year. (Macauhub/AO/BR/CN/CV/GW/MZ/PT/TL/ST)