Mozambique: Firms cut output levels for first time in 15 months
File photo: Macauhub
The value of trade between China and Portuguese-speaking countries grew 3.8% year-on-year to US$58.836 billion between January and May 2019, according to official Chinese figures released by Forum Macau.
In this five-month period, China exported products worth US$16.227 billion (-4.51% year-on-year) to the eight Portuguese-speaking countries and imported US$42.608 million (+7.47). %), leading to a trade deficit of US$26.381 billion.
Brazil accounted for 75% of all trade in the period with bilateral trade with China worth US$44.007 billion (+5.34%), with Chinese companies selling goods worth US$12.929 billion (-7.16%) and buying products worth US$31.078 billion (+11.59%).
Angola came in second by value, with two-way trade worth US$11.098 billion (-3.26%), with China selling goods worth US$745 million (-13.21%) and buying products worth US$10.352 billion (-2.46%).
Trade with Portugal amounted to US$2.673 billion (+13.43%) in the first five months of the year, with Chinese companies selling US$1.745 billion (+21.25%) and importing products worth US$928 million (+1.17%).
Trade with Mozambique totalled US$963 million (+2.01%), with China selling US$719 million (+5.87%) and Mozambican companies exporting products worth US$244 million (-7.88%).
The value of trade between China and the other Portuguese-speaking countries – Cabo Verde, Guinea-Bissau, São Tomé and Príncipe and Timor-Leste – reached US$93.58 million in the period under review.Source: Macauhub