Brazilian sales to China focus on soy and iron ore

6 February 2007

Sao Paulo, Brazil, 5 Feb – Brazilian exports to China in 2006 were concentrated further onto two products – soy and iron ore – which rose from 43 percent of total sales to China in 2005 to 54 percent of the total, according to figures from Brazil’s Foreign Trade Ministry.

Figures from the ministry showed that the number of Brazilian products sold to China fell from 1478 in 2005 to 1446 last year and the number of categories of products selling over US$10 million fell from 58 in 2005 to 47 in 2006.

In 2006, Brazilian exports to China increased 29 percent to US$8.4 billion, with soy leading the list with US$2.4 billion (a 42 percent increase) followed by iron ore with US$200 million (a 72 percent rise).

The concentration occurred in 2006 was not, however a trend, according to Charles Tang, president of Brazil-China Chamber of Commerce and Industry (CCIBC).

“There are still unexplored niches,” said Tang, who considered that strong growth from China would lead to consumption of many other products, which would lead to exports being more diverse.

“As time goes by, the proportion of “non-soy” and “non-ore” exports should increase,” Tang projected. (macauhub)