Brazil: Chinese exports to Brazil rise 72 pct in first half of 2006

16 July 2008

Sao Paulo, Brazil, 16 July – Chinese exports to Brazil rose 71.7 percent in the first six months of this year, against the same period of 2007, to US$5.21 billion, officials said.

In the same period, Brazilian exports to China increased by 50.7 percent, to US$7.41 billion, according to the Brazilian Ministry of Development, Industry and Commerce.

Trade between the two countries (imports and exports) totalled US$16.36 billion in the period, a rise of 61.5 percent against the same period of last year.

China remained the second-largest exporter to Brazil, after the United States and ahead of Argentina.

China’s trade surplus with Brazil rose five-fold, from US$296 million in the first six months of 2007, to US$1.54 billion in the first six months of this year.

China mainly sold electronic products, machines, optical equipment and instruments and bought soy, iron ore and oil from Brazilian companies.

The increased Chinese sales to Brazil followed overall growth of foreign imports to Brazil in the period under review.

Brazilian exports increased 51.8 percent to US$79.2 billion in the period, which was a record for the last few years.

Brazil’s total exports increased 24.8 percent to US$90.6 billion in the period as a result of greater volume and value of agricultural and basic products such as oil and iron ore.

Last year, total trade between Brazil and China was US$23.3 billion, with China posting a surplus of US$1.8 billion. (macauhub)