Trade between China and Portuguese-speaking countries falls 9.37% in first two months of the year

The value of trade between China and the Portuguese-speaking countries posted a drop of 9.37% year-on-year in January and February to US$21.374 billion, according to official Chinese figures released by Forum Macau.

In the first two months of the year China sold goods to the eight Portuguese-speaking countries worth US$5.651 billion (down 7.04% on year) and from those same countries imported goods worth US$15.723 billion (10.18% less), generating a trade deficit of US$10.072 billion.

Brazil was responsible for 78.3% of the trade recorded between China and the Portuguese-speaking countries with a total of US$16.754 billion (-3,46%), as China exported goods in the amount of US$4.664 billion (-3,55%) and imported products worth US$12.089 billion (-3.42%).

Angola, as usual, came in second place with two-way trade of US$3.404 billion (-28.37%), with Chinese companies selling goods to Angola in the amount of US$219 million (-17.75%) and purchasing goods from Angola to the value of US$3.185 billion (-29.00%).

China’s trade with Portugal in the period totalled US$872 million (-12.77%), with China exporting goods worth US$532 million (-17.02%) and importing goods worth US$340 million (-5.18%).

The value of China’s trade with Mozambique reached US$317 million (-28.15%), with Chinese companies exporting goods valued at US$209 million (-31.12%) and importing Mozambican goods totalling US$108 million (-21.59%).

Trade between China and the other Portuguese-speaking countries – Cabo Verde, Guinea-Bissau, São Tomé and Príncipe and Timor-Leste – reached US$25.88 million in January/February period. (macauhub)