Brazilian participation in SIAL China 2019 leads to contracts worth US$516 million

21 May 2019

Brazilian companies that participated in SIAL China 2019 have signed contracts for the sale of products with a combined value of US$516 million, which could increase to over US$2 billion over the next 12 months, Agência Brasil reported.

The Brazilian presence at the event, which took place from 17 to 19 May in Shanghai, was organised by the Brazilian Agency for the Promotion of Exports and Investments (Apex-Brasil) and by the Brazilian Consulate in Shanghai. Over three days the event organised 1,971 business meetings, 1,531 of which with potential new clients.

The best performance was achieved by companies working with animal protein, whose presence at the Chinese agribusiness, beverages and food fair was coordinated by the Brazilian Association of Meat Exporters (ABIEC) in partnership with Apex-Brasil.

China has been Brazil’s main trading partner since 2009, with two-way trade exceeding US$110 billion in 2018, with Brazilian companies exporting mainly soybeans, crude oil and iron ore, and Chinese exports of industrial goods. (Macauhub)