According to a CNI (National Confederation of Industry) study, China has continued to advance on Brazilian foreign trade in 2020. The Asian country accounted for 21.9% of Brazilian foreign purchases last year, with technology products leading advances. Over the past 15 years, China has grown considerably in foreign trade. In 2006, the Asian country supplied 8.6% of Brazilian imports. Traditionally the main supplier of products to Brazil, the European Union saw its share drop from 20.3% in 2006 to 19.1% last year. In the same period, the United States kept a relatively stable share in Brazilian imports, with a slight increase from 15.7% to 17.6%. The main loser in the origin of Brazilian imports was South America. In 2006, South America was in the second position and accounted for 17.6% of foreign purchases by Brazil, moving to the fourth position now, with 11.4% in 2020. In addition to increasing exports to Brazil, China has also begun to trade sophisticated products.
Sources: Agencia Brasil/Portos e Navios (*Translated by Ia Niani)