Portuguese exports to China grow 5.59% in 2018, according to Forum Macau

  • Lusa
  • 1 February 2019

Portugal exported products valued $2.24 billion (€1.95 billion) to China in 2018, 5.59% more than the same period in 2017.

According to official data published by Fórum Macau, based on statistics from the Chinese customs services, trade between Lisbon and Beijing amounted to $6.026 billion (€5.24 billion) last year, which corresponds to an increase of about $408 million compared to 2017.

Portugal imported from China goods worth approximately $3.769 billion and Lisbon has a negative trade balance with the Asian country of about $1.522 billion.

Imports of Chinese products increased 8.29% compared to 2017.

The same data showed that trade between China and Portuguese-speaking countries was $147.35 billion over the first three months of the year, with a 25.31% growth.

China’s imports represent most of this value: $105.506 billion, a 30.24% increase compared to 2017.

Meanwhile, Chinese exports to Portuguese-speaking countries saw a 14.4% increase, reaching $41.847 billion.

Brazil remains China’s main partner in this bloc, with a trade of $110.8 billion.

Angola is in second place of the Portuguese-speaking countries ranking, having trade worth $27.75 billion with China.

China established the Macau Special Administrative Region as a platform for economic and commercial cooperation with Portuguese-speaking countries in 2003 when it created the Fórum Macau.