Trade between China and the Portuguese-speaking countries in January/February totalled US$20.4 billion, or an increase of 37.43% over the same period of 2017, according to official Chinese figures released by Forum Macau.

In the first two months of the year, China exported US$6.542 billion’s worth of products to the eight Portuguese-speaking countries, 43.44% more year-on-year and imported goods valued at US$13.857 billion (+34.76%), assuming a trade deficit of US$7.315 billion.

Trade with Brazil, China’s main trading partner worldwide, reached US$14.491 billion (+39.98%), with China selling goods worth US$5.323 billion (+44.18%) and purchasing products worth US$9.168 billion (+37.65%).

In January/February, Angola accounted for US$4.619 billion (+32.39%), with China selling goods worth US$387 million (+53.78%) and buying goods valued at US$4.231 billion (+30.73%).

With Portugal, two-way trade amounted to US$928 million (+31.70%), with China selling goods worth US$586 million (+37.87%) and buying products worth US$341 million (+22.32%).

Trade with Mozambique amounted to US$335 million (+ 4.24%) in the period under review, with China selling goods worth US$220 million (+33.79%) and purchasing goods in the amount of US$115 million (+9.35%).

Trade between China and the other Portuguese-speaking countries – Cabo Verde (Cape Verde), Guinea Bissau, Sao Tome and Principe and Timor-Leste (East Timor) – reached US$24.9 million in January/February.

In January, trade between China and the Portuguese-speaking countries reached US$10.442 billion, an increase of 27.05% over the same month of 2017. (macauhub)