Trade between China and Portuguese-speaking countries grows 29.4% in 2017

Trade between China and the Portuguese-speaking countries totalled US$117.58 billion in 2017, a year-on-year increase of 29.40%, according to official Chinese figures released by Forum Macau.

China’s exports to the eight Portuguese-speaking countries grew 23.2% to US$36.57 billion and imports increased 32.18% to US$81.00 billion, leading China to a trade deficit of US$44.43 billion.

Trade with Brazil reached US$87.53 billion (+29.55% year-on-year), with China selling goods worth US$29.23 billion (+31.90%) and importing goods in the amount of US$58.30 billion (+28.40%).

With Angola, two-way trade amounted to US$22.34 billion (+43.42%), a result of Chinese exports of US$2.29 billion (+30.45%) and Angolan exports of US$20.04 billion (+45.08%).

Third on the list is Portugal with trade with China worth US$5.60 billion (-0.17%), with Chinese companies selling goods worth US$3.48 billion (-13.81%) and buying goods worth US$2.12 billion (+34.69%).

Mozambique and China traded US$1.85 billion (-0.28%), with Chinese companies selling goods worth US$1.32 billion (-3.89%) and buying products in the amount of US$528 million (+10.09%).

With the remaining Portuguese-speaking countries – Cabo Verde (Cape Verde), Guinea-Bissau, Sao Tome and Principe and Timor-Leste (East Timor) – bilateral trade with China reached a combined sum of US$244.89 million. (macauhub)