Brazil and Angola retain their top positions as China’s biggest trading partners among the Portuguese-speaking countries, but trade with Mozambique shows the biggest growth.
exports
Lusophone exports to China rose by almost 2 percent, while Chinese exports to the Portuguese-speaking world rose by more than 7 percent.
Tariffs will be lowered by as much as 98 percent on some products, according to Mozambqiue’s ambassador to China.
Although shipments last year were hit by drought and weak demand, the industry expects a strong recovery ahead of the upcoming meeting between Presidents Lula and Xi.
Flow of goods has increased 130 per cent since 2016; China remains Brazil’s largest trading partner, ahead of the United States.
Oil ranks high among Angola’s exports, earning US$14.8 billion out of a total US$23 billion in trade with China last year.
Mobile phones, watches, handbags, wallets and gold jewellery all show positive growth.
Mobile phones and beauty items top the list, with almost one-third of imports coming from China; trade deficit stands at MOP 67 billion.
Massive increases in overseas trade in the past year point to a recovery from the downturn caused by Covid-19.