The trade balance between Brazil and China recorded a surplus of US$10.811 billion for Brazil in the first eight months of the year, according to the Brazilian Ministry of Development, Industry, Foreign Trade and Services (MDIC).
Brazil’s surplus was 2.5 times higher than in the same period of 2015.
Brazilian exports between January and August totalled US$25.955 billion and imports from China amounted to US$15.440 billion, a drop of 32.31%, and made China the second largest exporter to Brazil after the United States.
About 21% of Brazil’s exports went to China, which continued to be the South American country’s main foreign market.
According to MDIC data more than 80% of Brazil’s exports to China were commodities notably soy, iron ore and oil. (macauhub/CN/BR)