Brazil: Chinese exports to Brazil rise 70 pct in first nine months of 2008

23 October 2008

Brasilia, Brazil, 23 Oct – Chinese exports to Brazil rose 69.9 percent in the first nine months of this year, against the same period of 2007, to US$14.86 billion, the Brazilian Ministry for Development and Trade said.

In the same period, Brazilian exports to China increased by 67.3 percent, to US$13.71 billion.

China’s trade surplus with Brazil more than doubled, rising from US$545 million, in the first nine months of 2007, to US$1.14 billion 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.

Over the last few years China has increased it trade, making it the second biggest exported of products to Brazil, after the United States and ahead of Argentina.

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$131.22 billion, a rise of 52.4 percent, in the period.

Total Brazilian exports were US$150.86 billion, a rise of 28.7 percent, year on year in the first nine months of the year.

Brazil posted an overall trade surplus of 19.64 billion, a fall of 36.8 percent in the period. (macauhub)