Brazil-China trade tops $100 billion in Jan-July

Bilateral trade between Brazil and China surpassed US$100 billion in July, but remains 8.7% below the cumulative total for the same period last year.

Data released today by the Chinese government show the resilience of the world’s largest trading nation (total exports plus imports) amid a more challenging global environment.

In July, Chinese exports to Brazil reached US$6.35 billion, up 4.3% from June, despite the persistent turbulence and uncertainty caused by the trade war triggered by Donald Trump.

From January to July, Chinese shipments to Brazil totaled US$40.4 billion, representing a 3.0% decline compared to the same period last year. Brazil was the country where China experienced the largest export growth in 2024, primarily driven by the export of electric and hybrid cars.

On the import side, China reported buying US$11.4 billion from Brazil in July, a 5.2% increase from the US$10.8 billion imported in June.

See below a history of container throughput between Brazil and China starting from January 2022. The chart was prepared using DataLiner data:

Container Throughput between Brazil and China – Jan 2022 to Jun 2025 – TEU

Source: DataLiner (Click here to request a demo)

Overall, Chinese imports of oil and soybeans increased in July, two of Brazil’s main export products to the Chinese market.

Between January and July, Chinese imports from Brazil totaled US$60.6 billion, a 12.1% year-over-year decrease, likely reflecting price effects.

Bilateral trade (exports plus imports) between January and July reached US$101.0 billion, resulting in a surplus of approximately US$20 billion for Brazil.

Globally, China’s foreign trade continues to expand. Overall exports grew 7.2% in July compared with the same month last year, while imports rose 4.1%.

This growth comes despite a 2.6% drop in exports to the United States and a 10.2% fall in imports from January to July — evidence that trade between the world’s two largest economies continues to shrink.

The Association of Southeast Asian Nations (ASEAN) remains China’s largest trading partner, with bilateral trade up 9.4% year-to-date. The European Union is the second-largest partner, with trade rising 3.9%, while the U.S. ranks third.

Trade between China and countries participating in its Belt and Road Initiative grew 5.5% through July.

The outlook is for Chinese imports to remain strong, supported by the Communist Party’s plans to stimulate domestic demand.

Source: Valor Econômico

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