Trade between China and Portuguese-speaking countries grows 41% from January to May

Trade between China and the Portuguese-speaking countries rose 41.51% year-on-year in the January-May period to US$46.3 billion, according to official figures from China issued by Forum Macau.

The total is the sum of Chinese exports to the eight Portuguese-speaking countries of US$13.1 billion (+25.70%) and imports of US$33.284 billion (+48.90%).

Trade with Brazil reached US$33.186 billion (+37.97%), with Chinese companies selling goods worth US$10.158 billion (+32.78%) and buying goods worth US$23.02 billion (+40.39%).

Trade with Angola increased 72.98% in the same period to US$10.046 billion, with China selling goods worth US$843 million (+37.82%) to that country and buying goods worth US$9.203 billion (+77.12%).

Portugal, as usual, ranked third in this list by value, with two-way trade totalling US$2.250 million (+7.26%), with Chinese sales of US$1.488 billion (-4.69%) and Portuguese sales of US$761 million (+42.08%).

Fourth on the list is Mozambique with trade with China worth US$748 million (+6.40%), the result of Chinese exports of US$517 million (-1.35%) and Mozambican exports in the amount of US$231 million (+29.11%).

Trade in the remaining five Portuguese-speaking countries – Cabo Verde (Cape Verde), Guinea-Bissau, Sao Tome and Principe and Timor-Leste (East Timor) – reached US$93.6 million in the first five months of the year. (macauhub)