Lusophone countries increased exports to China until September, imports fell

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Lusophone countries increased exports to China until September, imports fell

2:04 CAT | 23 Dec 2019

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Lusophone countries increased exports to China until September compared to the same period of 2018, and imports declined, with Brazil remaining Beijing’s main partner.

According to data from the Chinese Customs Service, trade between China and Lusophone countries stood at US$108.9 billion (€98.4 billion) over the first nine months of the year, year-on-year growth of 0.05%.

Exports from Lusophone countries account for most of this figure: US$77.7 billion (€70.1 billion), an increase of 0.45% over the same period under review in 2018. Imports of Chinese products to Portuguese-speaking countries decreased by 0.92% year-on-year to US$31.2 billion (€28.1 billion).

Brazil remains China’s main partner within the Lusophone bloc, with trade of US$82.6 billion (€74.5 billion), up 1.05% over the same period last year. Brazil exported products worth US$57.7 billion (€52.09 billion Euros) to China in the first half of the year, 2.55% more than from January to September 2018, with Brazil buying China goods worth US$24.8 billion (€22.39 billion), a decrease of 2.27%.

Angola comes in second place in the Lusophone ranking, with trade with China worth US$19.3 billion (€17.4 billion), with Luanda sending goods worth US$17.8 billion (€16.07 billion) to Beijing, down 5.39%, and making purchases of US$1.48 billion (€1.34 billion), down 9.57%.

Trade between China and Mozambique up until September was US$1.8 billion (€1.6 billion), down 6.07% from the first nine months of 2018. In the first nine months of the year, Portugal exported products worth US$1.71 billion (€1.54 billion) to China, down 0.5% compared to the same period of 2018.

Imports of Chinese products increased by 17.1% over the same period last year. Portugal imported goods from China worth approximately US$3.2 billion (€2.96 billion).

According to figures published on the Macau Forum website, based on statistics from the Chinese Customs Service, trade between Lisbon and Beijing amounted to US$5 billion (€4.51 billion) up until September, down slightly from US$4.53 billion (€4.08 billion) in same period last year.

China established the Macao Special Administrative Region and the Macao Forum as a platform for economic and trade cooperation with Portuguese-speaking countries in 2003.

In 2018, Portugal exported products worth US$2.24 billion (€1.99 billion) to China, up 5.59% over the same period of 2017, and trade between Lisbon and Beijing amounted to US$6 billion (€5.3 billion) last year, an increase of about US$408 million (€364 million) over 2017.

Last year, trade between China and Lusophone countries stood at US$147.35 billion (€131.5 billion) over the first three months of the year, an increase of 25.31%.

Source: Lusa