Trade between Brazil and China falls 14 pct from January to July

14 August 2015

Trade between Brazil and China stood at US$42.549 billion between January and July 2015, which was a decrease of 14 percent year on year, according to the Brazilian Ministry of Development, Industry and Foreign Trade.

In the first seven months of the year, Brazil exported to China goods worth US$22.576 billion against US$28.014 billion in the same period of 2014 and imported goods worth US$19.973 billion, against US$21.572 billion rom January to July 2014.

Brazil’s trade surplus between January and July 2015 – US$2.603 billion – was a drop of 59 percent compared to US$6.442 billion in the same period of 2014.

Overall, exports from Brazil in the period totalled US$112.854 billion, with a year on year fall of 15.5 percent and imports totalled US$108.255 billion, with a contraction of 19.5 percent.

From January to July the main basic goods exported by Brazil recorded falls in value and price, this was the case with soy beans (-18.4 percent less in total value and 24.1 percent in price), iron ore (-47.4 percent and -51 percent), crude oil (-21.4 percent and -48.5 percent), poultry (-6.4 percent and -24.8 percent) and soybean meal (-13.0 percent and -24, 8 percent).

Soy beans and iron ore account for about 67 percent of Brazil’s exports to China, according to a Brazil-China Business Council report cited by the Brazilian press. (macauhub/BR/CN)