Brazil-China trade increases 33 percent in 2005

18 January 2006

Brasilia, Brazil, 18 Jan – Trade between China and Brazil increased by 33 percent in 2005 to US$12.18 billion against figures for 2004, officials said in Brasilia.

According to figures published by the Brazilian Ministry of Development, Industry and External Trade, Brazil exported US$1.48 billion more in products to China than it imported from that country.

Chinese exports to Brazil increased by 44.3 percent year on year to US$5.35 billion, accounting for 7.28 percent of all imports to Brazil.

In their turn, Brazilian exports to China increased by 25.62 percent to US$6.83 billion.

In 2004, trade between China and brazil totaled US$9.15 billion, an increase of 37 percent over 2003.

China is Brazil’s third largest trading partner, behind the United States and Argentina.

In 2005, total Brazilian exports amounted to US$118.31 billion, the largest amount ever and the result of a 22.63 year on year increase.

Brazil had an overall trade surplus of US$44.76 billion in 2005, the largest surplus ever recorded by the country.

The Brazilian government forecasts a 12 percent increase in exports in 2006 to US$132 billion. (macauhub)