China-Brazil trade hits US $12b in 6 months

by Hongwei Shang on December 21, 2007

in Articles

Bitaleral trade between China and Brazil hit $12 billion in the first half of this year, up 30.1% from last year, according to the Chinese Minstry of Commerce.

This broke down into $4.54 billion of exports and $7.46 billion of imports, up 38.5% and 25.5% respectively.

Brazil is China’s largest trade partner in Latin America, and China is Brazil’s third largest trade partner and export destination as well as its second largest source for import.

By the end of June this year, China had invested nearly $100 million in Brazil, largly in mining, telecommunications, trade, services, lumber processing and assembly lines of household electric appliances.

Meanwhile, Brazil’s acutual investment in China had hit  $210 million, most of which wen to manufacturing, real estate and hydropower industries.

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