Exports to China: from US$1 billion in 2000 to more than US$87 billion today

In 2000, the year China joined the World Trade Organization (WTO), Brazilian exports to the Asian country totaled US$ 1.085 billion, corresponding only to 1.97% of the US$ 60.1 billion sold by the country abroad.

Twenty-one years later, in 2021, exports to China soared to US$ 87.7 billion, accounting for 31.27% of all Brazilian exports. This percentage was slightly lower than the 32.41 percent share recorded in 2020, which was a record in the Sino-Brazilian trade history. These figures can be found in the Brazilian Foreign Trade Association (AEB)‘s recent report, Radiograph of Foreign Trade in Brazil.

As for imports, the Chinese dominance is not so preponderant. Although the country leads the rank of Brazilian imports, there is little difference compared to the numbers of US imports. China accounted for 21.72% of Brazil’s overseas purchases, with sales totaling US$ 47.6 billion. On the other hand, Brazil purchased a total worth US$ 39.3 billion from the United States, which accounts for 17.95% of Brazilian imports.

See below a comparative analysis of Brazilian worldwide exports in 2020 and 2021 versus Brazilian exports to China over the same timeframe. The data is from DataLiner.

Brazilian Total Exports vs. Exports to China | Jan to Dec 2020 – 2021 | TEU  

Source: DataLiner (click here to request a demo)

The sharp increase in China’s share of Brazilian exports has been consolidating at a time when the United States’ share of Brazil’s foreign sales has been going in the opposite direction. Brazil exported $13.1 billion to the United States in 2000, more than twelve times the amount shipped to China in the same year, accounting for 23.93% of Brazilian sales.

Last year, despite exports to the US market totaling US$ 31.1 billion, the US share of global Brazilian exports was only 11.09%, nearly a third of sales to China.

Fonte: Comex do Brasil

To read the full original article, please access:

https://www.comexdobrasil.com/exportacoes-para-a-china-saltam-de-us-1-bilhao-no-ano-2000-para-mais-de-us-87-bilhoes-21-anos-depois/

Sharing is caring!