Understand why China is increasingly important to the Brazilian economy

China has become increasingly important to Brazil’s economy. The Asian giant is the main destination for Brazilian exports, moving around US$ 35 billion per year.

Trailing China are the United States and European Union, with imports from Brazil valued at between US$ 27 and US$ 28 billion.

Brazil’s exports to China have increased by 2,900% since 1997.

The data show that the Chinese country is increasingly important as a destination for Brazilian products, while the United States, Europe, and even Argentina are losing their importance a little.

See below the main container goods exported from Brazil to China below. Data are from DataLiner:

Top 6 Container Goods Exported from Brazil to China | Jan 2018 to July 2021 | TEU

Source: DataLiner (To request a DataLiner demo click here)

In addition to exports, China has also played an important role in investing in Brazil, as there are more and more Chinese companies in the country.

Source: CNN Business

To read the full original article, visit the link:  https://www.cnnbrasil.com.br/business/entenda-por-que-a-china-e-cada-vez-mais-importante-para-a-economia-brasileira/

Sharing is caring!