Trade between China and Portuguese-speaking countries grows 21.50% from January to July

Trade between China and Portuguese-speaking countries reached US$82.49 million from January to July 2018, a year-on-year increase of 21.50%, according to official Chinese figures released by Forum Macau.

In the first seven months of the year, China sold goods worth US$24.616 billion (+24.19%) to the eight Portuguese-speaking countries and purchased products worth US$57.533 billion (+20.38%), assuming a trade deficit of US$32.917 billion.

Angola and Brazil accounted for 93.8% of China’s trade with the eight Portuguese-speaking countries, with purchases and sales of goods totalling US$77.17 billion.

Brazil, China’s largest trading partner worldwide, purchased goods worth US$20.063 billion (+28.14%) and sold products worth US$41.248 nillion (+20.45%).

Sino-Angolan trade amounted to US$15.825 billion (+18.28%), with Angola buying 0.6% less or US$1.241 billion and selling products worth US$14.582 billion (+20.23%).

Portugal is now in a distant third place in terms of trade value of US$3.393 billion (+6.81%), with Portuguese companies buying goods worth US$2.099 billion (+1.43%) and sold goods valued at US$1.294 billion (+16.87%).

Trade between China and Mozambique stood at US$1.492 billion (+45.13%) from January to July, with China selling goods worth US$1.092 billion (+51.93%) and buying goods worth US$400 million (+29.32%).

Trade between China and the other Portuguese-speaking countries – Cabo Verde, Guinea Bissau, São Tomé and Príncipe and Timor-Leste (East Timor) – amounted to US$125.7 million in the period under review. (macauhub)