Trade between China and Portuguese-speaking countries falls for the second consecutive year

The value of trade between China and Portuguese-speaking countries fell in 2016 for the second consecutive year, reaching US$90.874 billion, with an annual contraction of 7.72%, according to official figures released by Forum Macau.

In 2015, the value of trade between China and the eight Portuguese-speaking countries was US$98.474 billion, which was a decrease of 25.73% compared to the US$132.581 billion recorded in 2014.

Trade in 2016 between China and Brazil amounted to US$67.567 billion (-5.91% year on year), with China exporting goods to Brazil worth US$22.162 billion (-19.20%) and imported goods worth US$45.404 billion (+2.31%).

With Angola, which comes second in terms of value, bilateral trade with China reached US$15.579 billion (-20.94%), with Angolan companies exporting goods, mainly oil, worth bUS$13.818 million (-13.54%) and importing goods worth US$1.761 million (-52.69%).

Trade with Angola and Brazil, amounting to US$83.146 billion, accounted for 91.5% of China’s total trade with Portuguese-speaking countries, with China recording a trade deficit with these two countries of US$35.299 billion.

Portugal traded goods with China worth US$5.617 billion ((+28.54%), with Portuguese imports of Chinese goods worth US$4.037 billion (+39.30%) and exports worth US$1.580 billion (+7.36%).

Two-way trade between China and Mozambique amounted to US$1.859 billion (-22.29%), with China exporting goods worth US$1.379 billion (-28.19%) and importing goods in the amount of US$479 million (+6.17%).

Trade between China and the other Portuguese-speaking countries – Cabo Verde (Cape Verde), Guinea-Bissau, Timore-Leste (East Timor) and Sao Tome and Principe – totalled US$249 million. (macauhub)