China buys more but loses position as second biggest Brazilian agro-business market

28 September 2007

Sao Paulo, Brazil, 28 Sept – China imported 15 percent more in Brazilian agro-farming products this year but fell from second to third place in the list of the biggest buyers, according to figures from the Brazilian Ministry of Agriculture.

In the first eight months of the year, China bought agricultural and farming goods from Brazil totaling US$3.2 billion, which was an increase of 14.9 percent against the same period of 2006.

The main product in this category that China bought between January and August was soy beans, which totaled US$2.1 billion.

In the first eight months of the year, China lost its second place to the Netherlands which bought agricultural and farming goods from Brazil totalling US$3.4 billion, a rise of 31.8 percent on the same period of 2006.

The United States remained the first destination of this category of products from Brazil, with US$4.4 billion purchased in the first eight months of 2007, although this represented a fall of 5.9 percent year on year.

This year, from January to August, China accounted for 8.5 percent of exports of Brazilian agro-business. The Netherlands has 9 percent and the United States 11.7 percent.

Russia is the fourth largest market (5.5 percent) and Italy the fifth (4.5 percent). (macauhub)

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