China is still the main destination for Brazilian Goods in Foreign Trade. The US is in the second position, followed by Argentina, the Netherlands and Chile. Germany, Spain, Mexico, Japan and India are the top 10 countries which imports more products from Brazil according to the Ministry of Industry, Foreign Trade and Services.
In 2018, Brazil’s trade balance that is the number of exports and imports grew by 13.7%. The exports reached US$239.5 billion whereas the imports registered US$181.2 billion. The growth in exports happened in the second consecutive year after decreasing from 2012 to 2016. The value of US$239.5 billion exported in 2018 roughly reaches the same levels the country had in 2013 when the amount of US$ 242 billion were exported. These data reflect directly in the foreign trade.
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Based on added factors, there was growth in exports of basic products (17.2% for US$118.9 billion) and manufactured goods (7.4% for US$86.6 billion). The semi manufactured products registered a reduction of 3.1% (for US$30.6 billion). The growth of exports is a consequence not only of an increase of shipped goods (4.1% in the quantum index) but also in increase in prices (5.1%).
The main markets for the Brazilian exports had a positive performance: China (US$ 66.6 billion with an increase by 32.2 %); EU (US$ 42,1 billion and +20.1 %); and USA (US$ 28.8 billion and +6.6 %). Argentina is still in the lead as the main business partner Brazil has in Latin America but exports to this destination (US$ 14.9 billion in 2018) decreased by 15.5% when compared with 2017. The reduction of exports for the automotive sector caused the highest impact in general.
INTERNATIONAL COMMERCE: TOP 10 COUNTRIES IMPORTING FROM BRAZIL
1st – China
Soya, iron ore and crude oil
2nd –United States
Crude oil, aircrafts, semi manufactured products of iron or steel.
3rd – Argentina
Automobiles, Commercial Vehicles, Car parts and Tractors.
4th – The Netherlands
Bran and residues from the extraction of soya oil, steel or iron flexible pipes and iron ore.
5th – Chile
Crude Oil, Beef and Automobiles.
6th – Germany
Coffee, iron ore, bran and residues from soya oil.
7th – Spain
Crude Oil, soya and corn.
8th – Mexico
Automobiles, semi manufactured products of iron or steel and automotive engines.
9th – Japan
Iron ore, poultry meat and corn.
10th – India
Crude Oil, sugar and copper ore.
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