Brazilian exports to Macau rise 32 pct year on year between January and October

17 November 2006

Sao Paulo, Brazil, 17 Nov – Brazilian exports to Macau rose 32.6 percent in the first ten months of this year, against the same period of 2005, according to figures published Thursday in Brasilia by the Brazilian Foreign Trade Ministry.

Between January and October, Brazil sold goods to Macau totaling US$471,000, against US$355,000 in the same period of 2005.

“The increase may have been even greater,” Kevin Tang, director of the China-Brazil Chamber of Commerce and Industry (CCIBC), said in an interview with Macauhub, as official figures, “are not totally reliable as they don’t take into account exports that arrived in Macau via Hong Kong or China.”

While Brazilian sales to Macau have increased since 2004, exports from Macau to Brazil have fallen – but the figures involved are significantly larger, as the official figures of the Brazilian government show.

From January to October 2006, Brazil acquired US$4.3 million in goods from Macau, after buying US$7.3 billion in goods in the same period of last year.

This trend – reduction of Macau’s exports and increase of Brazilian exports – has been developing for the last four years.

From January to October 2002, Macau exported 80 times more than it imported from the Brazilian market (US$2.3 million against US$28,000) and that difference has reduced to nine times in 2006.

Tang said he thought it was natural that Brazilian sales should increase and Macau’s sales should fall.

“The trend is for a balance in bilateral trade,” Tang said.

Tang said he expected that bilateral trade would be boosted and that there would be greater exports of Brazilian food products to Macau, as this was a sector, “in which Brazil is competitive.”

Meanwhile, Brazil should continue to import industrial products from Macau, such as parts for industries from several sectors, said the director of the Brazil-China Chamber of Commerce and Industry. (macauhub)