Trade between China and Portuguese-speaking countries grows 29.81% from January to October

Trade between China and the Portuguese-speaking countries grew 29.81% year-on-year from January to October to US$97.99 billion, according to official Chinese figures issued on Thursday by Forum Macau.


In the first ten months of the year, China imported goods from the eight Portuguese-speaking countries in the amount of US$68.38 billion (+32.21% year-on-year) and exported goods worth US$29.61 billion to these countries, recording a trade deficit of US$38.77 billion.


With Brazil, its biggest global trading partner, China exchanged goods worth US$72.83 billion (+29.26%), with the South American country selling goods worth US$23.50 billion (+33.12%) and purchasing products in the amount of US$49.33 billion (+27.50%).


Angola came in second place with trade worth US$18.80 billion (+47.06%), with Angolan sales of US$16.92 billion (+48.83%) and Chinese sales totalling US$1.87 billion (+32.82%).


Portugal came in third with trade with China in the amount of US$4.66 billion (+0.50%), with China selling goods worth US$2.97 billion (-11.69%) and buying products worth US$1.69 billion (+32.69%).


Mozambique came in a distant fourth place, with two-way trade worth US$1.49 billion (-0.88%), with Chinese companies selling goods worth US$1.07 billion (-5.27%) and buying products worth US$426 million (+12.19%).


The remaining Portuguese-speaking countries – Cabo Verde (Cape Verde), Guinea-Bissau, Timor-Leste (East Timor) and Sao Tome and Principe – registered total trade with China of US$196 million in the first ten months of the year. (macauhub)