The total value of trade reached $578 million (€510 million). Of these, $426 million (€376 million) relate to imports (+26.3 percent) and $151 million (€133 million) to exports (-18.1 percent), according to official data published on the Forum Macau portal, based on statistics from the Chinese Customs Service.
Trade between January and May between Lisbon and Beijing amounted to $2.4 billion (€2.1 billion), down 7.9 percent compared to the same period of the previous year.
In these five months of the year, Portugal imported 9.2 percent less Chinese products and exported to China 5.5% less compared to the same period in 2019.
In total, from January to May, Lusophone countries exported goods worth $37 billion (€32.6 billion) to China.
This is more than double the amount recorded for the import of Chinese products.
China established the Macau Special Administrative Region as a platform for economic and trade cooperation with the Portuguese-language countries in 2003, the year in which it created the Macau Forum.
This Forum has a permanent secretariat, meets at the ministerial level every three years and includes, in addition to the secretary-general, Xu Yingzhen, and three deputy secretary-generals, eight delegates from the Portuguese-speaking countries (Angola, Brazil, Cabo Verde, Guinea-Bissau, Mozambique, Portugal, Sao Tome e Principe and East Timor).