Trade between China and Portuguese-speaking countries increases 25% in 2018 to US$147.354 billion

The value of trade between China and the Portuguese-speaking countries reached US$147.354 billion in 2018, an increase of 25.31% year-on-year, according to official Chinese figures released by Forum Macau.

From January to December last year, China exported goods worth US$41.847 billion, a year-on-year increase of 14.40% to the eight Portuguese-speaking countries, and imported goods worth US$105.506 billion (+30.24%), assuming a trade deficit of US$63.659 billion.

Trade with Brazil, China’s biggest trading partner in the world, reached US$110.8 billion (+26.59%), with China exporting goods worth US$33.73 billion (+15.39%) and importing goods worth US$77.077 billion (+32.20%).

Angola ranks second in terms of value among the Portuguese-speaking countries with two-way trade of US$27.755 billion (+24.21%), with Chinese companies exporting products worth US$2.235 billion (-2.70%) and importing goods worth US$25.5 billion (+27.29%).

Portugal appears in a distant third place with bilateral trade of US$6.016 billion (+7.27%), with China exporting products worth US$3.768 billion (+8.29%) and importing goods in the value of US$2.247 billion (+5.59%).

China’s trade with Mozambique reached US$2.516 billion (+35.68%), with Chinese companies sending products to the country worth US$1.864 billion (+40.61%) and importing products worth of US$651 million (+23.28%).

China’s trade with the other Portuguese-speaking countries – Cabo Verde (Cape Verde), Guinea Bissau, São Tomé and Príncipe and Timor-Leste (East Timor) – totalled US$258.9 million last year. (macauhub)