China-Brazil trade rises 41 percent and exceeds US$10 billion in first half

4 July 2007

Sao Paulo, Brazil, 04 July – Trade between China and Brazil rose 41.5 percent in the first half of 2007 against the same period of 2006, and totaled US$10.1 billion, according to figures published by the Brazilian Foreign Trade Ministry.

China shipped goods to the Brazilian market in the value of US$5.2 billion between January and June, or 50 percent more than in the same period of last year, while Brazil sold US$4.9 billion in goods to the Chinese market (rise of 34 percent).

With this result, China consolidated its position as Brazil’s third-largest trading partner, still quite far behind the United States (US$20.7 billion), but already quite close to Argentina (US$10.9 billion).

The value of trade between Brazil and China in the first six months of the year corresponded to 42 percent of trade that Brazil did with Asia (US$24.3 billion) in the period, against 36 percent for the first half of 2006, when Brazil and Asia had total trade of 19.8 billion.

Also according to figures from the Brazilian ministry, China was the main destination for Brazilian sales of iron ore, soy beans and soy oil in the first half and was amongst the main buyers of Brazilian oil and orange juice. (macauhub)