The value of trade between China and the Portuguese-speaking countries remained practically unchanged year-on-year from January to September 2019, rising by 0.05% to US$108.984 billion, according to official Chinese figures released by Forum Macau.
Over the 9-month period China sold goods to the eight Portuguese-speaking countries worth US$31.252 billion (-0-92% on year) and imported goods worth US$77.732 billion (+0.45%), generating a trade deficit of US$41.908 billion.
Brazil was responsible for 75.8% of total trade recorded in the period with two-way trade with China in the amount of US$82.608 billion (+1.05%), with Chinese companies selling goods worth US$24.878 billion (-2.27%) and buying products in the amount of US$57.729 billion (+2.55%).
Angola came in second place with two-way trade of US$19.356 billion (-5.72%), with China selling goods worth US$1.487 billion (-9.57%) and acquiring goods from Angola in the amount of US$17.869 billion (-5.39%).
China’s trade with Portugal in the first nine months amounted to US$5.004 billion (+10.38%), with Chinese companies exporting goods valued at US$3.285 billion (+17.10%) and importing goods worth US$1.718 billion (-0.55%).
China’s trade with Mozambique reached US$1.824 billion (-6.87%), with Chinese companies exporting goods valued at US$1.420 billion (-3.54%) and Mozambican companies selling goods worth US$403 million (-13.98%).
The value of trade between China and the other Portuguese-speaking countries – Cabo Verde, Guinea-Bissau, São Tomé and Príncipe and Timor-Leste – reached US$190.7 million in the period. (macauhub)