China remains Brazil’s largest trading partner in 2014

6 January 2015

In 2014 Brazil recorded its first trade deficit since 2000, and China remained its main trading partner, followed by the United States and Argentina, according to official figures released in Brasilia.

The figures released by the Ministry of Development, Industry and Foreign Trade show that Brazil’s trade deficit reached US$3.93 billion, the highest since 1998.

In 2014, Brazil’s exports amounted to US$225.1 billion, 7 percent less than in 2013 and imports were US$229 billion, or 4.4 percent less.

According to official figures, the value of industrial products exported in 2014 fell by almost 14 percent compared to 2013, with some of the main export products from Brazil – iron ore, soybeans and other raw materials – experiencing price drops on the world markets. (macauhub/BR/CN)