Exports to China grow 5.6% by July
Official data published on Monday on the Forum Macau portal showed that from January to July, Lisbon sold to Beijing products valued at 1.4 billion dollars (1.2 billion euros).
Portugal’s exports to China grew 5.62% in the first seven months of the year, while imports fell by almost 10% compared to the same period in 2019.
Official data published on Monday on the Forum Macau portal, based on statistics from Chinese Customs Services, showed that from January to July, Lisbon sold to Beijing products valued at 1.4 billion dollars (1.2 billion euros).
On the other hand, Portugal imported 2.3 billion dollars (1.9 billion euros) from China, less 9.76% in homologous terms.
In the first seven months of the year, the trade balance between Lisbon and Beijing was 900 million dollars (762 million euros) negative for Portugal.
In total, trade between the two countries fell by 4.5% from January to July to 3.7 billion dollars (3.1 billion euros) compared to the same period in 2019.
According to statistics, trade between China and the Portuguese-language countries in the first seven months of the year was 77.66 billion dollars (65.81 billion euros), a year-on-year decrease of 7.57%.
China established the Macau Special Administrative Region as a platform for economic and trade cooperation with the Portuguese-language countries in 2003, the year in which it created the Macau Forum.
This entity has a permanent secretariat, meets at a ministerial-level every three years and includes, in addition to a secretary-general and three deputy secretaries-general, eight delegates from Portuguese-language countries (Angola, Brazil, Cabo Verde, Guinea-Bissau, Mozambique, Portugal, Sao Tome and Principe and East Timor).
