Monday, May 9, 2011

Brazil + China = BFFs?

http://blog.securities.com/2011/04/brazils-trade-with-china/

exports to China grew 47%
imports from China grew roughtly 38% (from 1999-2010)

Brazil has overtaken the United States as China's largest trading partner since 2009. China accounts for approxomately 15% of Brazil's trade flow.

brazil-china-trade.jpg


Leading exports to China include: iron ore, soybeans, and crude oil. The iron ore export represents 43% of Brazil's total exports to China.

Some problems are evident between this trade relationship; a large portion of Brazil's imports from China are manufactured products, set at low costs, which affect Brazil's domestic manufacturing industries (that are now struggling to keep up with this competition).

A few tariffs on synthetic fibres imports from China have been put in place by the government and President Dilma Rousseff.

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