China-Brazil bilateral trade grows 40 pct in 1st nine months

4 October 2006

Sao Paulo, Brazil, 04 Oct – Two-way trade between Brazil and China was worth a total US$ 12.029 billion between January and September, an increase of 39.8 percent in a year-on-year comparison, according to official figures.

Brazil’s ministry of foreign trade said imports from China increased 46.9 percent compared to the same period in 2005. Chinese imports from Brazil rose some 35.4 percent over the same period.

With US$ 5.613 billion worth of sales to Brazil, China was responsible for 8.4 percent of total Brazilian imports in the first nine months of this year, an increase of 1.3 percent over the same period in 2005.

China’s 8.4 percent share of Brazil’s total imports makes the Asian superpower the third-largest exporter to Brazil from January to September and only 0.1 percent from second spot in the ranking.

Argentina accounted for 8.5 percent of Brazil’s imports with a small increase registered in the same period in 2005. Some 8.4 percent of Brazilian imports in the first nine months of 2005 came from Argentina.

The United States retains its position as Brazil’s main supplier, with 16.2 percent of imports. However, exports from the US to Brazil were down 1.4 percent from January to September 2006 compared to the previous year.

In terms of Brazilian exports, China was in third place behind the US and Argentina. From January to September 2006 Brazil’s exports to China amounted to US$ 6.416 billion.

In September alone, Brazilian exports to China increased by 34.7 percent to US$ 839 million.

In return, Chinese exports to Brazil in September totaled US$ 733 million, up 44.4 percent over the same period in 2005. (macauhub)