Lusophone Nations-China Trade Surges to $54.3B, Brazil Leads Export Growth
May 4, 2024Trade 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.
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