Brazilian exports to China expected to rise 20 pct in 2010

21 January 2010

Rio de Janeiro, Brazil, 21 Jan – Brazilian exports to China are expected to rise by at least 20 percent in 2010, which is a similar rise to that seen last year, according to official projections from the O Globo agency.

According to the executive secretary of the Ministry of Development, Industry and Foreign Trade, Ivan Ramalho, exports to China rose from US$16.4 billion in 2008 to US$19.9 billion in 2009, which was a rise of 23.1 percent.

Exports from Brazil to China accounted for 13.1 percent of Brazil’s total exports.

Brazilian exports to the United States fell from US$17.7 billion in 2008 to US$15.7 billion in 2009, making it the second biggest destination for the country’s exports, with 10.3 percent of the total.

Ramalho noted that increasing exports to China, mainly of manufactured products, as well as to other Asian countries, was one of the main aims of Brazil’s participation in Expo Shanghai 2010, which is due to begin in May and will be open for six months, in China.

Brazil’s pavilion will be sponsored by mining company Vale, and will have an area of 2,000 square metres in which small medium-sized and large Brazilian companies will be able to exhibit their products.

Last year exports of Brazilian manufactured goods totalled some US$5 billion despite the main products sold to China being iron ore and soy. (macauhub)