Trade between China and Mozambique reaches US$1.329 billion from January to September

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Trade between China and Mozambique reaches US$1.329 billion from January to September

7:05 CAT | 15 Nov 2016

Trade between China and Portuguese-speaking countries fell by 9.61% in the period from January to September to US$69.128 billion, according to official Chinese figures released by the Macau Forum.

In the first nine months of the year China sold to the eight Portuguese-speaking countries goods worth US$21.278 billion (-25.78% year on year) and bought goods from those countries worth US$47.85 billion ( + 0.09%), resulting in a trade deficit of US$26.572 billion.

Brazil attracted 75% of China’s trade with all the Portuguese-speaking countries, with a total of US$51.673 billion (-7.08%), selling goods to China worth US$35.856 billion (+6.59%) and purchasing goods totalling US$15.817 billion (-28.0%).

Angola is second in terms of value, trading US$11.786 billion’s (-24.28%) worth of goods with China in the period, having imported goods worth US$1.24 billion (-57.80%) and sold goods to a value of US$10.545 billion (-16.47%).

In a distant third place was Portugal with trade amounting to US$4.158 billion (+22.96%), with China having exported goods worth US$3.046 billion (+38.79%) and importing goods worth US$1.112 billion (-6.32%)

Mozambique is the fourth country in the list in terms of value, with trade with China recorded in the period reaching US$1.329 billion (-25.68%), with China selling goods in the amount of US$993 million (-31.53%) and purchasing goods whose value amounted to US$336 million (-0.62%).

China’s trade with other Portuguese-speaking countries – Cabo Verde (Cape Verde), Guinea-Bissau, Timor-Leste (East Timor) and Sao Tome and Principe – reached US$181 million in the period from January to September.

Trade between China and the eight Portuguese-speaking countries in September amounted to US$8.897 billion (+1.91%), with China selling goods worth US$2.729 billion (-1.94%) and buying goods worth US$6.167 billion (+3.71%).

Source: Macauhub