Brazilian soy exports to Chine rise 41 pct in 2005

27 January 2006

Sao Paulo, Brazil, 27 Jan – Brazilian soy exports to China increased 41.6 percent in 2005, in relation to 2004, officials said Thursday.

Brazil was the second largest exporter of soy to China in 2005, behind the United States, Brazil’s Ministry of Agriculture said.

The increase in Brazilian soy exports to China was higher than the increase in US exports, which was 8.3 percent in 2005.

Last year, China bought around 8 million tons of soy from Brazil, which accounted for a third of the total 26.6 million tons imported by the country.

Soy is the main export product from Brazil to China, followed by iron ore, which together represent over half of total exports.

Last year, overall Brazilian exports to China rose 25.62 percent to US$6.83 billion, against 2004.

Total trade between Brazil and China increased 33 percent to US$12.18 billion in 2005, compared with 2004.

Currently, China is Brazil’s third largest trade partner after the United States and Argentina. (macauhub)