China Overtakes US as Biggest Importer from Brazil. US Still Exports More

Cargo at Brazilian portChina, in 2009, for the first time the biggest importer of Brazilian goods, overtaking the United States. In 2008, the US imported Brazilian goods worth US$ 27.6 billion. In 2009, that number dropped to US$ 15.7 billion, down slightly more than 43%.

In 2009 China imported Brazilian goods worth $19.9 billion, up US$ 3.5 billion above 2008.

The third biggest importer of Brazilian goods is Argentina, US$ 12 billion in 2009. In 2008 the number was US$ 17.6 billion.

On the other hand, the US is still the biggest source of imported goods in Brazil: United States exports to Brazil were worth US$ 20.2 billion in 2009. China exported US$ 15.9 billion worth of goods to Brazil, and Argentina US$ 11.3 billion.

According to Welber Barral, the secretary for Foreign Trade at Brazil’s Ministry of Development, Industry and Foreign Trade, it is possible that the US will recover first place as Brazil’s biggest export market once again in 2010 (a position it has held since the Second World War).

It is expected that the US will expand at around 1.5% in 2010. However, says Barral, the level of commerce will hardly return to the level of 2008.

Foreign Reserves

Brazil’s Central Bank reports that Brazil closed out 2009 with record international reserves of US$ 239.054 billion, up US$ 32.284 billion over the close in 2008.

The institution’s Exchange Rate Flow Bulletin reveals that one of the main reasons for the rise in reserves has been the Central Bank’s return to the policy of purchasing dollars in order to stem devaluation.

In 2009 the valuation of the real was 25%, which sharply reduced the competitivity of Brazilian exports on international markets.

ABr

Tags:

  • Show Comments (3)

  • u.s. eagle

    illegal brazilian exports
    the only brazilian export to the u.s.a. that any american is aware of is illegal brazilian nationals in the u.s.a.with no or fraudelent documents,,, in other words ,,, illegal aliens from brazil…

  • L.G

    a reply to Zico
    Dear Zico,

    In regards to your last comment, kindly note that your comment makes no logical sense.

    Lets suppose that Brazil had “all eggs in one basket” and that country he deals with goes into a financial crises, Brazil would obviously get much more of the impact than it would if it had diversified its partners.
    😉

  • Zico

    Nice Job Lula
    Brasilian exports to the US down 43%. Apart from girls with phenomenal bodies, apparently Brasilian products bound for the US can be bought elsewhere. Hey Lula, you’re going to see if you prefer a hamburger or a Peking-F**k.

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

The World of Education Is Gathering in Rio, Brazil

The World Education Forum (WEF) begins Wednesday, March 22, in the city of Novo ...

Brazil Lowers GDP Expectations from 4% to 3.12%

Brazil’s Gross Domestic Product (GDP), which represents the sum of wealth produced in the country, ...

Higher Productivity Brings Brazil’s Mining Company Vale Record Production

Brazil's mining company Companhia Vale do Rio Doce has reached record levels of production ...

Brazil JBS Swallows US Pilgrim’s Pride to Become World’s Biggest Meat Company

Brazilian company JBS announced that the United States Justice Department has approved the takeover ...

Calling US Hypocrite Is Not the Best Way for Brazil to Save the Amazon

On July 21, 2008, a researcher from the  Council on Hemispheric Affairs (COHA) met ...

Brazil Has 42 Million Volunteers

Brazil’s National Volunteer Day was commemorated yesterday, August 28. According to a study conducted ...

The Devil and Ms. Joyce

Irreverent, sensual without being crass, author Joyce Cavalcante has focused her writer’s eye on ...

Fooling the British, the Brazilian Way

While the British wanted slavery abolished in Brazil, Brazilians with an economy dominated by ...

A Brazilian Step to Become World Reference in Heart Treatment

Brazilian President Luiz Inácio Lula da Silva was in São Paulo, this past Friday, ...