China, Angola trade grows 48.61 percent

China, Angola trade grows 48.61 percent Luanda – Trade between Angola and China reached US $ 13,378 million from January to July, an increase of 48.61% over the same period of 2016, according to Chinese official data released by Macao Forum.

The Chinese sales to Angola totaled $1.249 billion (+ 32.47%), while purchases stood at $12.129 million (+ 50.50%).

With all Portuguese-speaking countries, including Angola, the volume of trade jumped from  31.29% to US $ 67.615 million in the period under review.

China accounted for exports of US $ 19.822 million (+ 25.74% year-on-year) and its imports reached US $ 47.793 billion (+ 33.74%), with a trade deficit of US $ 27.971 million .

Brazil, which represented almost 74% of trade between China and the eight Portuguese-speaking countries with $ 49.903 million (+ 30.51%), sold to China goods worth $ 34.246 million (+28.57% %) and purchased goods worth $ 15.657 million (+ 34.97%).

With Portugal, trade amounted to US $ 3.177 million (+ 1.19%), with Chinese sales standing at US $ 2.070 million (-11.58%) and purchases of US $ 1.107 million (+38. 59%).

The fourth-ranked Mozambique had trade of US $ 1.028 million (+ 3.35%), with China exporting goods worth US $ 719 million (-4.81%) and purchased goods worth US $ 309 million (+ 29.08%).

With the remaining Portuguese-speaking countries – Cape Verde, Guinea Bissau, Sao Tome and Principe and Timor-Leste – trade in the period under analysis amounted to US $ 127 million.

Source: Angop

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