Curitiba, Brazil, 17 Sept – China has overtaken Argentina and Germany to become the main destination for exports from the Brazilian state of Paraná, with trade focused on soy, according to figures from Brazil’s Development, Industry and Foreign Trade Ministry.
From January to July China imported goods worth a total US$1.25 billion from Paraná, which was a year on year rise of 211.33 percent driven by a rise in the price of raw materials.
With trade focused on agri-business, Paraná outperformed the Brazilian average. Elias Antunes, consultant for the Federation of Paraná Industries for the Asian market, said that the state was a large exporter of soy and in the last two years had also started exporting maize.
Soy exports are concentrated between the months of January and September and at the end of the year the amount reduces.
“But it is certain that China will end the year as one of the top two destinations for the state’s exports,” Antunes said.
For the last two years, China has been fifth amongst the biggest importers of Paraná’s goods, behind Argentina, Germany, the United States and the Netherlands.
The string rate of sales to China has allowed Paraná to busck the overall Brazilian trend of a trade deficit with the Asian giant, having posted a trade surplus of US$520.3 million. (macauhub)