Brazil-China trade rises almost 50 pct in May beating monthly record

5 June 2007

Sao Paulo, Brazil, 5 June – Trade between Brazil and China rose by 48.8 percent in May 2007, against the year-ago period, to US$1.889 billion, according to figures from Brazil’s Development, Industry and Foreign Trade Ministry.

In the fifth month of 2005 Chinese exports to Brazil rose 55.6 percent, to the highest level ever (US$969 million), which kept China in second position amongst Brazil’s suppliers, after the USA (US$1.599 billion).

Although by a lower proportion, the acquisitions of Brazilian products by China also increased (42.3 percent) against May 2006, to US$920 million, almost reaching the level of Chinese sales, which led to a small trade surplus for China (US$49 million).

China maintained its third position amongst countries that buy most products from Brazil, behind the USA (US$2.143 billion) and Argentina (US$1.195 billion), in a month in which it was the country to buy most iron ore and soy beans.

From January to May, China-Brazil trade reached US$8.096 billion, or a 43 percent rise against the first five months of 2006.

China accounted for 7.8 percent of all Brazilian exports, which totaled US$103 billion since the beginning of the year. From January to May, Brazil exported US$60 billion and imported US$43 billion in goods. (macauhub)