Trade balance between Portugal and China worth 6.2M USD
Olive Oil
Guinea-Bissau
Brazil
Caio Alves
Published Sep 15, 2020
Portugal's exports to China grew 77.14% in June, while imports fell by 17.45%, compared to May.
In total, trade in June between Lisbon and Beijing registered an increase of 7.35% and 6.2 million dollars in value (5.22 million euros), with Portugal importing 3.5 million dollars (2.94 million euros), and to export products to China worth 2.6 million dollars (2.19 million euros).
Official data was published on the Macau portal, based on the statistics from the Chinese Customs Service, indicating that trade between Lisbon and Beijing fell 5.96% in the first half of this year, compared to the same period in 2019, with Portugal registering a growth in exports and a fall in imports.
China established the Macau Special Administrative Region as a platform for economic and trade cooperation with Portuguese-speaking countries in 2003, the year in which it created the Macau Forum. This entity has a permanent secretariat, meets at ministerial level every three years and includes, in addition to a secretary general and three deputy general secretaries, eight delegates from Portuguese-speaking countries (Angola, Brazil, Cape Verde, Guinea -Bissau, Mozambique, Portugal, São Tomé and Príncipe and Timor-Leste).
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