Portugal exported 0.5% less to China, imports grew 17.1%

Portugal exported in the first nine months of the year to China products worth US$1.71 billion, down 0.5% if compared to the same period of 2018.

But imports of Chinese products increased 17.1%, compared to the same period last year. Portugal imported goods from China worth approximately US$3.2 billion.

According to official data published on the Macau Forum website, based on statistics from the Chinese Customs Service, trade between Lisbon and Beijing amounted to US$5 billion until September, when in same period last year had been US$4.53 billion.

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

In 2018, Portugal exported products worth US$2.24 billion to China, up 5.59% over the same period of 2017, and trade between Lisbon and Beijing amounted to US$6 billion last year, which is an increase of about US$408 million compared to 2017.

Last year, trade between China and Lusophone countries stood at US$147.35 billion over the first three months of the year, with growth of 25,31%.