Sao Paulo, Brazil, 21 March – Trade between Macau and Brazil totaled US$1.4 million from January to February of this year, a rise of 169 percent against the same period of 2006, according to figures from Brazil’s Foreign Trade Ministry.
The increase in trade was driven by a rise of 121 percent in exports from Macau to Brazil, which in January and February totaled US$1.1 million.
Exports from Macau to the Brazilian market account for over 80 percent of bilateral trade.
Five categories of products are the focus of Macau’s sales to Brazil: electrical accumulators, blank CDs and DVDs, copper sheeting, cotton jersey and accessories for printing machines and equipment.
Together these five categories of products accounted for US$1 million of Macau’s exports to Brazil, according to the Brazilian Foreign Trade Ministry.
Brazil’s sales to Macau also rose in January and February of this year, but the volume remains quite low in comparison with imports for the Chinese territory.
In January and February of 2007, Brazil sold US$266,000 in goods to Macau, almost 50 times more than in the same period of last year. Brazil sold mainly leather to Macau, which accounted for over half of its exports. (macauhub)