China’s trade deficit with Brazil at lowest level of last four years

5 October 2006

Sao Paulo, Brazil, 04 Oct – China’s trade deficit with Brazil, which stood at US$803 million in the first nine months of 2006, is at its lowest level since 2002, according to figures from Brazil’s Foreign Trade Ministry.

Between January and September 2002, the difference between Brazilian exports to China and Chinese exports to Brazil left Brazil with a surplus of US$672.9 million. This figure tripled the next year and reached a peak in the same period of the following year, when it went on a downward trend.

In the first nine months of 2003, China’s trade deficit with Brazil was US$1.913 billion. In the same period of 2004, the difference fell to US$1.785 billion.

At the end of the first three quarters of last year, Brazil’s surplus in relation to China fell again to US$920 million.

The surplus from January to September of 2006 the figure fell to US$803 million, with Brazilian sales to China totaling US$6.416 billion and Chinese exports to Brazil totaled US$5.613 billion.

Between 2002 and 2006 Brazilian exports to China rose 257 percent.

The sale of Chinese products to Brazil rose at a higher rate: 399 percent, changing from US$1.123 billion to US$5.613 billion, according to the Brazilian Foreign Trade Ministry. (macauhub)