CHINA IMPORTS FROM BRAZIL MAY REACH USD 103.4 BILLION IN 2030

According to CEBC (Conselho Empresarial Brazil-China), a bilateral entity of companies and institutions, China is expected to import USD 103.4 billion from Brazil in 2030, up 76.2% from the yearly average between 2017 and 2020 (USD 58.9 billion). According to the entity, considering the evident prospects, Brazil may raise its sales to China by USD 44.5 billion. The figures show export forecasts of commodities that Brazil exports to China in sizable numbers. Currently, ores, gasoline, and soybeans make up the bulk of exports to China.

Source: Forbes Brazil (*Translated by Ia Niani)