Trade between China and Portuguese-speaking countries reaches US$75 billion from January to October

Trade between China and the Portuguese-speaking countries in the first 10 months of 2016 amounted to US$75.491 billion, or a year on year fall of 10.32%, according to official Chinese figures released by the Macau Forum.

From January to October China exported to the eight Portuguese-speaking countries goods worth US$23.769 billion (-23.64%) and imported goods amounting to US$51.721 billion (-2.50%), assuming a trade deficit of US$27.952 billion.

Brazil, which is China’s main trading partner, in the period exported goods to China worth US$38.691 billion (+3.34%) and imported goods amounting to US$17.656 billion, with two-way trade falling 7.89% to US$56.347 billion.

Angola is second among the Portuguese-speaking countries in order of value of trade, with US$12.788 billion (-25.47%) and the country imported goods from China worth US$1.414 billion (-55.96%) and exported goods worth US$11.375 billion (-18.46%).

The third biggest trade partner in the bloc was Portugal with trade of US$4.640 million (+ 25.95%), in which US$3.365 billion was Chinese exports (+38.97%) and US$1.275 billion was imports of Portuguese products (+0.98%).

In the period Mozambique recorded trade with China worth US$1.509 billion (-25.01%), with China selling goods worth US$1.129 billion (-30.97%) and buying goods worth US$379 million (+ 0.89%).

China’s trade with other Portuguese-speaking countries – Cabo Verde (Cape Verde), Guinea-Bissau, Timor-Leste (East Timor) and Sao Tome and Principe – amounted to US$205.7 million.

In October, trade between China and the Portuguese-speaking countries amounted to US$6.362 billion, a drop of 28.49% compared to the same month of 2015. (macauhub)