Sino-Lusophone Trade Dips Again in First Ten Months of 2023

 

Data released by China Customs shows trade in merchandise between China and Portuguese-speaking countries reached USD 180.38 billion in the period from January to October 2023, almost a 2 percent decrease year-on-year.

Among Portuguese-speaking countries, Brazil maintained its position as the largest trade partner with USD 148 billion, followed by Angola (USD 18.98 billion), Portugal (USD 7.31 billion) and Mozambique (USD 4.43 billion). 

The nine Lusophone nations sold USD 119.59 billion in goods to China during this ten-month period, a drop of nearly 2 percent year-on-year. The value of China’s exports to Portuguese-speaking countries took a larger drop, down more than 6 percent to USD60.78 billion.

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The total value of merchandise traded in October between the parties topped USD 18.96 billion, an increase of 17.05 percent from the prior-year period. 

The value of China’s merchandise imports from Portuguese-speaking Countries reached USD 13.27 billion, up 37.37 percent year-to-year.

China sold goods to those countries worth USD 5.683 billion in October, a decrease of 13.02 percent compared with the previous year.

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