China-Brazil trade totals US$40 billion in first half

5 August 2013

Trade between Brazil and China in the first half of the year totalled US$40.54 billion, which was a year on year rise of 9 percent according to figures from Brazil’s Development, Industry and Foreign Trade Ministry.

In the first six months of the year Brazilian exports to China totalled US$22.95 billion whilst imports from China totalled US$17.58 billion. Both imports and exports saw a rise of 9 percent.

As a result, Brazil posted a trade surplus of US$5.37 billion in the period.

In the period growth in exports from Brazil was due to a strong recovery of soy exports to China and stability of iron ore, oil and wood pulp and cellulose exports. (macauhub)