16 July 2014

Mozambique: Trade Between China and the Portuguese-Speaking Countries

Maputo — Trade between China and Portuguese-speaking countries totaled 53 345 million USD between January and May of this year, rising to 9.28% in comparison with the same period of 2013, according to official figures from China.

The figures showed that in the first five months of 2014, China sold goods to the eight Portuguese-speaking countries for the equivalent of 16.995 billion USD (+4.56%) and bought goods for the equivalent of 36.349 billion USD (+11.63%), leading to a trade deficit with the Portuguese-speaking countries of 19.354 billion USD.

Trade with Brazil totaled 34.173 billion USD during the period, of which 13.487 billion USD were Chinese exports and 20.686 billion USD were Brazilian exports to China.

The second-biggest trading partner for China amongst the PALOP countries was Angola, with a total trade of 16.491 billion USD (+8.46%), with Chinese sales to Angola of 1.71 billion USD and Angolan exports to China - mainly oil - worth 14.781 billion USD.

Portugal came in third place with a two-way trade of 1.896 billion USD (+25.71%). In the period China sold goods to Portugal worth 1.232 billion USD whilst Portugal sold goods to China worth 663 million USD.

Mozambique was ranked fourth in terms of trade with China with a total of 717 million USD (+22.62%), with Mozambique selling goods worth 199 million USD and buying goods worth 517 million USD.

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