Portugal’s state-owned CGD bank to reduce presence in Mozambique and Cabo Verde
Macauhub (File photo)
Trade between China and the Portuguese-speaking countries totalled over US$78 billion between January and August 2017, according to official Chinese figures released by Forum Macau.
The exact figure of US$78.419 billion was 30% higher than the US$60.231 billion recorded in the same period of 2016, according to the same figures, and China exported goods worth US$23.311 billion (+25.68%) and imported goods valued at US$55.108 billion (+32.21%).
Angola and Brazil were responsible in the first eight months of the year for 93.5% of trade between China and the eight Portuguese-speaking countries, with Brazilian trade accounting for more than three times the trade recorded with Angola.
China’s trade with Brazil amounted to US$58.301 billion (a year-on-year increase of 29.12%), with China selling goods worth US$18.47 billion (+33.28%) and importing goods whose value amounted to US$39.840 billion (+27.27%).
Angola is in second place with bilateral trade worth US$15.065 billion (+47.77%), with Chinese exports worth US$1.444 billion (+36.25%) and imports amounting to US$13.62 billion (+49.10%).
Trade with Portugal reached US$3.690 billion (+3.18%) in the period under analysis, with Chinese sales of US$2.399 billion (-8.09%) and purchases of US$1.291 billion (+33.60%).
Mozambique, as usual, came in fourth place with trade with China of US$1.202 billion (+5.18%), with Chinese companies exporting goods worth US$848 million (-2.04%) and importing goods worth US$354 million (+27.68%).
Trade between China and other Portuguese-speaking countries – Cabo Verde (Cape Verde), Guinea Bissau, Sao Tome and Principe and Timor-Leste (East Timor) – amounted to US$150 million in the first eight months of the year.Source: Macauhub