Trade between China and Portuguese-speaking countries reaches US$46.254 billion from January to April

Trade between China and the Portuguese-speaking countries increased 11.99% in the period from January to April 2019 to US$46.254 billion, according to official Chinese figures released by Forum Macau.

China exported goods worth US$12.529 billion (+2.68% year-on-year) in the first four months of the year to the eight Portuguese-speaking countries and imported goods valued at US$33.724 billion (+15.89%), assuming a trade deficit of US$21.195 billion.

Trade with Brazil, which accounted for 74% of the total, totalled US$34.33 billion (+16.34%), with Chinese companies exporting goods worth US$9.934 billion((+1.04%) and importing products to the value of US$24.445 billion (+23.97%).

Angola is second in terms of value, with two-way trade with China falling by 2.32% to US$8.897 billion, with Chinese exports amounting to US$575 million (-13.83%) and imports which reached US$8.321 billion (-1.41%).

Trade between China and Portugal totalled US$2.117 billion (+13.70%), with Chinese companies exporting goods totaling US$1.384 billion (+22.64%) and US$733 million (-0.07%).

Trade with Mozambique increased by 10.47% year-on-year to US$783 million, with China exporting goods worth US$564 million (+12.51%) and having purchased products worth US$ 218 million (+5.53%).

China’s trade with the other Portuguese-speaking countries – Cabo Verde, Guinea Bissau, São Tomé and Príncipe and Timor-Leste – amounted to US$75.91 million in the first four months of the year. (Macauhub)