Sao Paulo, Brazil, 05 May – China has overtaken Argentina to become Brazil’s second-largest supplier, behind the United States, officials said Thursday.
Chinese exports to Brazil rose by 32.1 percent to US$2.23 billion in the first four months of 2006, against the same period of 2005.
In the same period, Argentina’s exports to Brazil totaled US$2.1 billion, Brazil’s Ministry of Development, Industry and Trade said.
Chinese participation in total Brazilian imports was of 8.4 percent of the total as compared to 6.7 percent in the first four months of 2005.
China sold electronic goods, machines, optical equipment and instruments to Brazil and bought soy, iron ore and oil from its South American partner.
Last year, trade between Brazil and China rose 33 percent to a total US$12.18 billion, against 2004, with Brazil registering a surplus of US$1.48 billion. (macauhub)