Brazil went up in the ranking of world exporters in 2020, but the scenario may be affected by the impact of the pandemic in Brazil’s major trading partner countries for exports, says the World Trade Organization (WTO). “Brazil’s position has been weakened by its main trading partners” said the economist Robert Koopman. “Agricultural exports increased worldwide last year, but other products exports have declined, despite signs of recovery”. For this year, the WTO expects exports of goods from South and Central America to grow no more than 3.2% when compared to the previous projection of 5.4%, which was already lower than the global average. Last year, Brazil managed to do better than expected, climbing to 26th in the ranking position among the largest exporters in the world. The country sold $ 210 billion, a drop of 7% when compared to 2010, but maintained its share of 1.2% of global exports.
Source: Valor (*Translated by Ia Niani)