Trade between China and Portuguese-speaking countries shrinks

Trade between China and the Portuguese-speaking countries during the first nine months of the year  continued on a downward trend, with a contraction of 25.45 percent to USD76.477 million, according to official figures published in Macau.
From January to September the value of trade between China and the eight Portuguese-speaking countries amounted to US$102.587 billion.
Trade recorded in the period under review resulted from Chinese exports of US$28.667 billion (-13.76 percent) and Chinese imports worth US$47.809 billion (-31.06 percent).
With Brazil, China’s main trading partner globally, exchanges totaled US$55.608 billion (-18.51 percent) and China exported goods worth US$21.968 billion (-14.51 percent) and imported goods worth US$33.639 billion (-20.92 percent).
Angola comes second in terms of importance with trade worth US$15.564 billion (-44.93percent), with Chinese exports worth US$2.938 billion (-24.34 percent) and imports of UA$12.626 billion (-48.21 percent).
Portugal comes a distant third with total two-way trade of US$3.382 billion (-6.39 percent) as a result of Chinese exports worth US$1.195 billion (-5.89 percent) and Portuguese exports worth US$1.187 billion (-7.3 percent).
Mozambique appears as usual in fourth place with trade worth US$1.789 billion (-23.18 percent), a result of Chinese exports worth US$1.45 billion (+17.84 percent) and Mozambican exports of US$338 million (-69.16 percent).
China’s trade with other Portuguese-speaking countries – Cape Verde, Guinea-Bissau, East Timor and São Tomé and Príncipe – in the first nine months totaled US$133 million.
In September, the value of China’s trade with Portuguese-speaking countries fell 5.62 percent to US$8.637 million, with Chinese exports amounting to US$2.820 billion (-7.63 percent) and Chinese imports totaling US$5.817 billion (-4.61 percent).  MDT/Macauhub