Exports to China worth almost €1.5B until August

in Business · 08-11-2019 01:00:00 · 0 Comments
Exports to China worth almost €1.5B until August

Portugal exported to China products worth $1.564 billion (€1.410 billion) to China during the first eight months of the year, up 4.12 percent on the same period of 2018.

According to official data published on Forum Macau’s website, based on statistics from the Chinese Customs Service, trade between Lisbon and Beijing amounted to $4.494 billion (€4.060 billion) until August, when in the same period last year, it was $3.943 billion (€3.560 billion).
Imports of Chinese products increased by 20.07 percent compared to the same period in 2018.


Portugal imported from China goods worth approximately $2.930 billion (€2.641 billion), with a negative trade balance with the Asian country of about $1.366 billion (€1.231 million).


Data from the Chinese Customs Service indicate that trade between China and Portuguese-language countries stood at $96.984 billion (87.432 billion) over the first eight months of the year, a growth of 2.31 percent.


Brazil continues to be China’s main partner in the Portuguese-language bloc, with trade of $73.012 billion (€65.821 billion).
Angola ranks second in the Portuguese-language world with trade with China worth $17.671 billion (€15.930 billion), with Luanda sending products worth $16.396 billion (€14.781 billion, less 1.79 percent) to Beijing and making purchases of $1.274 billion (€1.148 billion, less 10.81 percent).


Trade up to August between China and Mozambique was $1.652 billion (€1.489 billion), down 4.53 percent compared to the first eight months of 2018.


China established the Macau Special Administrative Region as a platform for economic and trade cooperation with Portuguese-language countries in 2003, the year in which it created Forum Macau.


In 2018, Portugal exported to China products worth $2.24 billion (€1.99 billion), up 5.59 percent on the same period in 2017, and trade between Lisbon and Beijing amounted to $6 billion (€5.3 billion) last year, which corresponds to an increase of around $408 million (€364 million) compared to 2017.


Last year, trade between China and Portuguese-language countries stood at $147.35 billion (€131.5 billion) over the first three months of the year, with a growth of 25.31 percent.



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