Chinese exports to Brazil exceed US$800 million for the first time

8 November 2006

Sao Paulo, Brazil, 08 Nov – Chinese exports to Brazil reached US$826 million in October, a rise of 12.6 percent on the previous month, according to figures from Brazil’s Foreign Trade Ministry.

This is the highest monthly figure in the history of trade relations between the two countries and the increase was the second biggest in the year after in March Chinese sales to Brazil rose 34 percent to US$641 million.

China is Brazil’s third-largest source of imports, after the United States (US$1.4 billion) and Argentina (US$841 million).

Brazilian exports to China rose 16.5 percent to US$752 million in October, making China the third largest destination for Brazilian exports, once again after the United States (US$2.2 billion) and Argentina (US$1 billion).

In October 2006 trade between China and Brazil totaled US$1.5 billion, which was a year on year increase of 40.6 percent, according to the Ministry’s figures.

China posted a trade surplus with Brazil of US$174 million for the month, rather than the deficit it posted in September of US$106 million.

From January to October, trade between China and Brazil, totaled USA$13.6 billion. (macauhub)