Thursday, May 14, 2009

Brazil's trade with China in the first quarter trade overseas expansion

By Professional editor working for cheaponsale.

Brasilia, April 23 Xinhua reports: According to the Brazilian Ministry of Trade and Industry today announced the development of the Sino-Pakistani trade statistics first quarter of this year, Brazilian exports to China grew 62.7 percent, from last year's first quarter to 2.1 billion U.S. dollars 3.4 billion U.S. dollars. As a result of the first quarter of Brazil's total exports dropped by 19.4 percent, exports to China, Brazil, the share of exports rose from 5.4% to 10.9%. China has become Brazil's second largest trading partner after the United States.

The first quarter of last year, China's fourth largest trading partner of Brazil. Brazil's imports from China in 2008 from the first quarter fell to 4.1 billion U.S. dollars in the first quarter of this year, 3.6 billion U.S. dollars, fell by 12.8%. Brazil's foreign trade as a result of the first quarter of the total imports declined by 21.6% year-on-year, imports of Chinese products in Brazil, the proportion of the total increased from 11.5% to 12.8%. China is Brazil's second-largest supplier.

From 2001 to 2006 in the Sino-Pakistani trade, Pakistan has been a surplus. From 2007 onwards, the position altered, and the Palestinian edge there's a shortfall of 1.87 billion U.S. dollars, a shortfall in 2008 increased to 3.636 billion U.S. dollars, an boost of 94%. First quarter of this year, Brazil's trade with China as a outcome of the magnitude of trade items development, Brazil, and China's trade shortfall from 2.1 billion U.S. dollars last year dropped to 221 million U.S. dollars.

Bilateral trade in China and Brazil, the Brazilian trade overseas to China are chiefly soybean, steel ore and petroleum products. These yield Brazil trade overseas to China accounted for 73% of the total. Brazil imported from China yield, 96.5 out of 100 of highly-developed fabricated wares, main yield accounted for only 3.5%.

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