Sao Paulo, Brazil, 17 Oct – China, which last year posted a trade deficit with Brazil, has posted a surplus of US$540 million in the first nine months of 2007, according to figures from Brazil’s Foreign Trade Ministry.
In the period between January and September of last year, Brazil posted a surplus of US$805 million. In the last three months of 2006, however, the surplus was in China’s favor and the balance of trade ended the year with a US$411 surplus for Brazil.
In the first nine months of 2007, Brazilian imports of Chinese products totaled US$8.7 billion, a rise of 56 percent on the amount of trade for the same period of 2006, which translated into a deficit for Brazil.
Chinese telecommunications products have seen a sharp rise in exports to Brazil this year and help to explain the change in the balance of trade between the countries.
With US$507 million, telephone components were the Chinese products that Brazil purchased most of between January and September. This category was not on the export list of Chinese products to the Brazilian market in the first three months of last year, according to the Brazilian government.
Brazil’s sales to China also rose this year, but at a lower level of 28 percent.
In the first nine months of the year, China bought goods from Brazil totaling US$8.2 billion, including soy beans (US$2.4 billion) and iron ore (US$2.2 billion). (macauhub)