Digital Transformation Slows Down the Global Economy
China is the Main Trading Partner of Brazil
By Anshula Mandaokar , 23 May, 2023
The main trading partner of China is Brazil. The reports say, China is accounting for the 31.3 percent of Brazil’s exports. The United States followed the next with 11.2 percent, in Argentina 4.2 percent and in the Netherlands 3.3 percent. In 2023, Brazil’s main supplier is China with 22.8 percent; in United States with 17.7 percent; in Argentina with 5.3 percent and the Germany 5.1 percent.
According to the reports, the bilateral trade in Brazilian-Chinese is strengthening year-on-year, increased by some 11 percent in 2022. This trade increase with $157.5 billion, as per the reports of the UN’s Comtrade database. But the figures may also differ from each other in different sources.
As per the reports by Planalto, Brazil is the top export to China was soy with 36 percent of the total exports in 2022. Also, the iron ore is 20 percent and oil are 18 percent. In 2023, January and February, the oil is leading at 23 percent, it is followed by soy with 22 percent and irone ore with 21 percent. The reports reveal that OEC states that main products of China exported to Brazil in 2021 are semiconductor devices, telephones and offices machine parts.
Bilateral Trade and Change in Exports
Latest News
Digital Transformation Slows Down the Global Economy
Globally, the nations are facing downward momentum in their economic activities. The financial condition of advanced economies is declining rapidly in 2024. Surveys suggest that advanced economies are facing economic challenges due to various…
German Companies’ Joint Venture to Boost Large Scale Storage in 2024
The growing clean energy transition process is forcing companies to make significant decisions regarding the storage of clean energy. Germany's energy market surges in power with necessary steps towards uplifting clean energy. The increasing…
Consumers Behavior Makes Food and Beverage Companies World Leaders in FMCG Rankings
Fast moving consumer goods (FMCG) are the important goods that consumers use in their daily activities. These products are otherwise known as consumer-packaged goods, thus, they include a range of products, such as food and beverages, healthcare…
Need of More Renewable’s Growth to Replace Fossil Fuel’s Dominance in 2024
The energy sector will go through dynamic changes in 2024. This is due to the rapid growth of the clean energy transition in the energy sector. Hence, renewables like wind and solar energy are gaining momentum in the market. However, fossil fuels…
Global Economy Attains Stability, may Affect Consumers Behavior
The global economy faces new challenges in 2024 that economically represent both positive and negative aspects. According to survey data, the global economy will stabilize for the first time in three years. The world economy will experience economic…
Anshula Mandaokar
Team Lead - Research
Latest News
German Companies’ Joint Venture to Boost Large Scale Storage in 2024
Consumers Behavior Makes Food and Beverage Companies World Leaders in FMCG Rankings
Need of More Renewable’s Growth to Replace Fossil Fuel’s Dominance in 2024
Global Economy Attains Stability, may Affect Consumers Behavior
