Trade between China and the Portuguese-speaking countries rises 1.17% in the first half of 2019

The value of trade between China and the Portuguese-speaking countries grew marginally by 1.17% year-on-year from January to June 2019 to US$70.139 billion, according to official Chinese figures released by Forum Macau.

Chinese exports to the eight Portuguese-speaking countries in the first six months of the year totaled US$19.706 billion (a year-on-year drop of 6.13%) and imports totalled US$50.433 billion (+4.34%), leading to a trade deficit for China of US$30.727 billion.

Trade with Brazil increased by 0.33% in the first half to US$51.959 billion, with China buying goods worth US$36.314 billion (+4.99%) from Brazilian companies and selling products worth US$15.644 billion (-9.03%).

Trade with Angola totalled US$13.643 billion (+1.90%) in the period under review, with Chinese exports of US$935 million (-10.26%) and imports of US$12.708 billion (+2.93%).

Portugal comes next by value with a trade with China of US$3.276 million (+15.66%), of which US$2.158 billion (+22.66%) were Chinese exports and US$1.118 billion. (+4.2%) were Portuguese exports.

Trade with Mozambique amounted to US$1.149 million (-5.05%) from January to June, with Chinese companies exporting US$864 million (-2.81%) and importing goods worth US$285 million (-11.24%).

Trade with the other Portuguese-speaking countries – Cabo Verde, Guinea-Bissau, São Tomé and Príncipe and Timor-Leste – reached US$110 million in the first half of the year. (Macauhub)