Lusophone Nations-China Trade Surges to $54.3B, Brazil Leads Export Growth

May 4, 2024
Lusophone Nations-China Trade Surges to $54.3B, Brazil Leads Export Growth
  • Trade between Portuguese-speaking countries and China hit a record $54.3 billion in the first quarter of 2024.

  • Exports from Portuguese-speaking countries to China surged by 23.6%, reaching $35 billion, with Brazil leading the growth.

  • While most Portuguese-speaking nations increased exports to China, Guinea Equatorial and São Tomé and Príncipe experienced a decline.

  • Chinese imports to lusophone countries also rose to a new high of $19.2 billion, leading to a $15.8 billion trade deficit for China.

  • The Forum Macao conference adopted a new action plan emphasizing cooperation on digital and blue economies, and climate change through 2027.

Summary based on 2 sources


Get a daily email with more World News stories

Sources

More Stories