Tuesday, May 05, 2009

Bilateral trade: China replaces the US as Brazil's biggest trading partner

Xinhua reports China replaced the United States to become Brazil's biggest trading partner, said Brazil's Ministry of Development, Industry and Exterior Trade on Monday.

According to the trade balance released by the ministry, the sum of Brazil's exports and imports with China reached 3.2 billion U.S. dollars in April, over the 2.8 billion dollars in its trade with the U.S.

Trade Minister Welber Barral said the change was "historic," as the U.S. has been Brazil's biggest trading partner since the 1930s.
Published by Mike Hitchen, Mike Hitchen Consulting
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