Getting Sino-Luso trade back


Trade between China and Portuguese-speaking countries rose by 33.47 per cent year-on-year in January of 2017, hitting almost US$8.22 billion (MOP65.47 billion), according to data released by the Chinese Customs Service and published by the Forum for Economic Trade Co-operation between China and Portuguese-speaking countries (Forum Macau).
Exports from China to the eight countries in January reached US$2.96 billion dollars, a year-on-year increase of 25.71 per cent, with imports from Portuguese-speaking countries to China also increasing to US$5.26 billion, a 38.26 per cent year-on-year rise.
After having registered decreases in 2016, China’s two largest trading partners in the Lusophone world, Brazil and Angola, both registered double-digit increases in the first month of the year, compared to the same month in 2016.
As China’s largest Lusophone trading partner, Brazil registered a 26.69 per cent year-on-year increase in bilateral trade in January, to almost US$5.6 billion.
Exports from China to Brazil reached US$2.4 billion in the first month of the year, a 42.12 per cent increase year-on-year, with imports from Brazil amounting to around US$3.2 billion, a 17.21 per cent yearly increase.
Chinese trade with Angola was back on track in the first month of the year with a considerable 84.09 year-on-year increase in bilateral trade, reaching US$2 billion.
In January, exports from Angola to China increased by almost 100 per cent, when compared to the previous January, to US$1.86 billion, while imports from China rose by 6.67 per cent year-on-year to US$167.3 million.
On the other hand, bilateral trade with China’s third largest Portuguese-speaking trade partner, Portugal, registered a 17.69 per cent decrease to US$407.15 million, with exports from China decreasing 37.05 per cent year-on-year to almost US$260 million, but with imports from Portugal growing by 79.92 per cent yearly to US$147.3 million.