Bilateral Trade Between Brazil and China

 

Source: China Briefing

via Hellenic Shipping News - 10/09/2021

 

China has been Brazil’s most important trade partner since 2009. In relation to international trade, it is characterized by being Brazil’s largest buyer and investor. This phenomenon even affects the country’s trade balance. Regarding the BRICS (Brazil, Russia, India, China and South Africa), which is led by China, Brazil is a very important participant in the bloc.

 

However, since Jair Bolsonaro took over the presidency in 2019, this parameter has ceased to exist because the president and his international governance advisors started to assume pro-US commitments (namely pro-Donald Trump) habitually censoring China.

 

Current bilateral trade figures

 

The increase in exports is around 37.7%, while imports increased 25.9% in the first half of 2021. The total trade transacted between Brazil and China in 2021 may be greater than 2020, which was around US$ 102.5 billion.

 

Exports from Brazil to China were around US$ 46.747 billion in the semi-annual period, while in relation to imports, the Chinese volume was around 21.7%, around US$ 21,507 billion.

 

The record of imports and exports between Brazil and China has so far yielded a surplus of US$ 25,241 billion, whereas last year it was registered US$ 33,010 billion. This is as per the SECEX (Secretaria de Comércio Exterior / Secretariat of Foreign Trade), a branch of the Ministry of Economy.

 

Soybeans, which accounted for 37% of exports to China, traded US$ 17.13 billion, in second place we have iron ore with a share of 29% which represents US$ 13.3 billion and lastly crude oil, which represented 17% of total sales, which means US$7.9 billion.

 

Another highlight is beef exported to the Asian country, representing 4.2% of exports, which means US$ 1.97 billion, and cellulose representing 2.9% of exports, which means US$ 1.35 billion.

 

Types of products traded with China ...

 

China business trends ...

 

Expanding artificial intelligence ...

 

Digitizing the value chain ...

 

Sustainable development ...

 

Live streaming ...

 

Social commerce ...

 

Number of Brazilian companies that invested in China ...

 

more

https://www.hellenicshippingnews.com/bilateral-trade-between-brazil-and-china/