Positive turnaround in Sino-Luso trade

In the first eight months of this year Sino-Luso trade increased by 30.2 per cent yearly, reaching US$78.42 billion

Merchandise trade between Mainland China and Portuguese-speaking countries reached US$78.42 billion from January to August of this year, representing a 30.2 per cent increase year-on-year, according to China Customs data.
The information, provided by the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Forum Macao), reveals that goods exported by Lusophone countries to Mainland China in the first eight months of the year were valued at US$55.11 billion, up 32.21 per cent year-on-year from the same period of last year.
The value of Mainland China’s merchandise exports to Lusophone countries reached US$23.31 billion in the same period, up 25.68 per cent yearly.

Between January and August of this year, trade between China and its largest Portuguese-speaking trading partner - Brazil - grew 29.12 per cent yearly to US$58.31 billion.
The total trade between Brazil and China represented 74 per cent of all Sino-Luso trade during the period in question.
Exports from the South American country rose by 27.27 per cent year-on-year to US$39.84 billion while exports from the Mainland to Brazil went up 33.28 per cent yearly to US$18.4 billion.
China’s second largest Lusophone trading partner, Angola, registered the largest yearly increase in trade in the first eight months of this year, a 47.77 per cent rise to US$15.06 billion.
The increase resulted from a 49.1 per cent year-on-year rise in China imports from the Portuguese-speaking African country, reaching US$13.62 billion, with imports from China representing 90 per cent of the total trade volume between the two countries.
Exports from China to Angola between January and August of this year also went up, by 36.25 per cent year-on-year to US$1.44 billion.
The third largest trading partner, Portugal, registered a light increase in trade in the first eight months of 2017, with a 3.18 per cent yearly increase to US$3.69 billion.
The annual increase occurred despite an 8.09 per cent year-on-year drop in exports from China to the European country, to US$1.29 billion, offset by Portugal’s exports to China increasing considerably in the first eight months of 2017, up 33.6 per cent yearly to US$2.39 billion.