Trade between China and Portuguese-speaking countries exceeds US$82 billion from January to July

Trade between China and the Portuguese-speaking countries grew 21.50% on year from January to July 2018 to reach US$82.149 billion, according to official Chinese figures released by Forum Macau.

In this period, China bought goods from the eight Portuguese-speaking countries in the amount of US$57.533 billion (+20.38%) and sold goods worth US$24.616 billion (+24.19%), recording a trade deficit of US$32.917 billion.

With Brazil, its largest trading partner in the world, China traded US$61.312 billion (+22.86%), selling goods worth US$20.063 billion (+28.14%) and buying products worth US$41.248 billion (+20.45%).

Angola is second in terms of value with two-way trade totalling US$15.825 billion (+18.28%), with China selling products worth US$1.241 million (-0.60%) and having bought goods worth US$14.583 billion (+20.23%).

Trade with Portugal amounted to US$3.393 billion (+6.81%), with China selling goods worth US$2.099 billion (+1.43%) and buying goods in the amount of US$1.294 billion (+16.87%).

Mozambique had trade with China in the amount of US$1.492 billion (+45.13%), with China selling goods worth US$1.092 billion (+51.93%) and purchasing products valued at US$400 million (+29.32%).

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$125.7 million in the first seven months of the year. (macauhub)