Thursday , September 20 2018
Breaking News
Home / International Customs / Portugal / Trade between China and Portuguese speaking countries exceeds US$100b
Trade between China and Portuguese speaking countries exceeds US$100b

Trade between China and Portuguese speaking countries exceeds US$100b

LISBON: Trade between China and the eight Portuguese-speaking countries was in excess of US$100 billion between January and November, rising by 29.47% year-on-year to US$107.75 billion, according to official Chinese figures published by Forum Macau. In the first 11 months of the year, China exported US$32.99 billion (+23.66% year-on-year) to the eight Portuguese-speaking countries and imported goods valued at US$74.75 billion (+32.21%), leading to a trade deficit with this group of countries of US$41.76 billion. With Brazil, China’s main trading partner worldwide, trade reached US$80.03 billion (+29.19%), with Chinese companies selling goods worth US$26.25 billion. (+31.91%) and buying Brazilian goods in the amount of US$53.78 billion (+27.91%).

Angola was ranked second in the list with bilateral trade of US$20.65 billion (+45.14%), as a result of Chinese sales of US$ 2.09 billion (+32.40%) and purchases totalling US$18.56 billion (+46.73%).

China’s two-way trade with Portugal reached US$5.15 billion (+0.43%), with Chinese exports amounting to US$ 3.22 billion (-13.31%) and Portuguese exports of US$1.92 billion (+36.53%).