Brazil: Chinese exports to Brazil rise 69 pct in first eight months of 2008

8 September 2008

Sao Paulo, Brazil, 8 Sept – Chinese exports to Brazil rose 68.9 percent in the first eight months of this year, against the same period of 2007, to US$12.81 billion, officials said.

In the same period, Brazilian exports to China increased by 65.8 percent, to US$11.92 billion, according to the Brazilian Ministry of Development, Industry and Commerce.

Trade between the two countries (imports and exports) totalled US$24.72 billion in the period, a rise of 67.4 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 frp, US$391 million, in the first eight months of 2007, to US$887 million in the same period of this year.

China mainly sold electronic products, machines and equipment and bought soy, coffee, orange juice, iron ore and oil from Brazilian companies.

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

Total Brazilian imports were US$113.94 billion, a rise of 52 percent, in the period.

Brazil’s total exports in the first eight months increased 27.7 percent to US$130.84 billion as a result of greater volume and value of products sold abroad.

This positive export performance led the Brazilian government to once again raise its forecast for exports in 2008 to US$200 billion from US$190 billion previously. (macauhub)