Trade between China and Portuguese-speaking countries reaches US$67.615 billion from January to July

The value of trade between China and Portuguese-speaking countries rose 31.29% year-on-year to US$67.615 billion in the January-July period, according to official Chinese data released by Forum Macau.

China accounted for exports of US$19.822 billion (+25.74% year-on-year) and imports of US$47.7 billion (+33.74%), taking on a trade deficit of US$27.971 billion.

Brazil, which accounted for almost 74% of trade between China and the eight Portuguese-speaking countries with US$49.903 billion (+30.51%), sold goods to China worth US$34.246 billion (+28.57%) and bought goods worth US$15.657 billion (+34.97%).

Trade between China and Angola totalled US$13.378 billion (+48.61%), with Chinese sales of US$1.249 billion (+32.47%) and purchases of US$12.129 billion (+50.50%).

With Portugal, trade amounted to US$3.177 billion (+1.19%), with Chinese sales of US$2.070 billion (-11.58%) and purchases of US$1.107 billion (+38.59%).

Fourth, in order of decreasing value, Mozambique posted trade with China of US$1.028 billion (+3.35%), with China exporting goods worth US$719 million (-4.81%) and purchasing goods worth US$309 million (+29.08%).

With the remaining Portuguese-speaking countries – Cabo Verde (Cape Verde), Guinea-Bissau, São Tomé and Príncipe and Timor-Leste (East Timor) – trade in the period reached US$127 million. (macauhub)