China Becomes Brazil’s Third Biggest Trade Partner Behind US and Argentina

The executive secretary at Brazil’s Ministry of Development, Ivan Ramalho, declared that total bilateral Brazil-China trade could reach US$ 10 billion this year.

Ramalho made the revelation while speaking to an audience of financial executives in Rio de Janeiro. He said that would be possible with strong sales by Brazil of soy and iron ore.


China has become Brazil’s third biggest trade partner, now purchasing 5% of all Brazilian exports, which total led US$ 2.709 in the first half.


In first place is the US, with 20% of Brazilian exports, totalling US$ 10.872 billion in the first half. Next comes Argentina with 8.5% of Brazilian exports, totalling US$ 4.549 billion in the first half.


However, Ramalho explains that while Brazilian exports to the US and Argentina rose significantly, compared to last year (23.4% and 38.6%, respectively), Brazilian exports to China have fallen 6.6% in the first half of this year, compared to the same period last year.


Most Brazilian exports to China are basic products (65%). Manufactured and semi-manufactured goods account for the remaining 35%.


Agência Brasil

Tags:

You May Also Like

Getting Ready for the Olympics Hundreds of Police Agents Take Back 9 Slums in Rio

In an flash operation on Sunday, the Rio do Janeiro police, in Brazil, with ...

Mercosur Summit Ignores Venezuela/Colombia Conflict and Is Hailed as Big Success

South America’s economic block Mercosur concluded Tuesday in Argentina one of its most successful ...

Minimum Mandatory Schooling in Brazil Rises to 9 Years

Brazilian President Luiz Inácio Lula da Silva will sign into law a bill raising ...

Imports Up, Exports Down and a Shrinking Surplus in Brazil

In the fourth week of July imports rose over 15% and exports dropped 17.5%, ...

Brazil and Colombia Unite Against Drug Dealers and FARC Terrorists

Brazil and Colombia agreed on a cooperation and defense agreement aimed at controlling the ...

Brazil Kisses Goodbye to Offshore Deal with Venezuela’s PDVSA

Brazilian state-controlled oil multinational Petrobras has abandoned plans to help develop Venezuela's Mariscal Sucre ...

Brazil Reaping Film Rewards

Movie theater operators in Brazil claim to be strained—in this case by the longstanding ...

Rubber Checks Fall 14% in Brazil, But Value of Bounced Checks Is Up 36%

Brazil’s Serasa Exerian Corporate Default Index fell to 14.6% in January. At the height ...

Brazilian Muscle Back at the Indy 500 Track

The first day of qualifications for 92nd running of the Indianapolis 500 failed to ...

Opposition Chooses Who They Hope Will Be Brazil’s Next President

The opposition in Brazil unified over the weekend behind Aécio Neves who was elected ...