The Asian giant is Brazil’s largest trade partner and that is where more than half of the Brazilian states export their products to. The data is from the Ministry of Industry, Foreign Trade and Services and was disclosed at the beginning of January.

The products imported by the Chinese vary: they range from soy (43% of the total), iron ore and concentrates  (22%), and crude oil (15%) to aircraft (8.1%), and semi-manufactured products from iron and steel (6.9%).

Ranking of Countries that Import from Brazil

1st China: buys from the Federal District, 11 states such as Minas Gerais and Rio de Janeiro, and from the central region of the country.

2nd United States: buys from Amapá, Ceará, Espírito Santo, Paraíba, São Paulo, and Santa Catarina states.

Other destinations and exporting states:
Argentina:
Amazonas and Pernambuco states
Canada: Maranhão state
Holland: Rio Grande do Norte and Sergipe states
Hong Kong: Acre and Rondônia states
Venezuela: Roraima state

What is export?
It is the sale of merchandise produced in one country to other countries.

Why are exports important?
They generate equilibrium for a country’s trade balance. That is, to pay for products that are bought from other countries (those that are not produced in sufficient amount), we must sell products that we make more of and better.

Sources: Ministry of Industry, Foreign Trade and Services
and the Observatory of Economic Complexity (OEC)

Questions – nivel III

– Choose the statement that is correct according to the article:

1. Venezuela, Argentina, Canada, and Holland import products from the south of Brazil only
2. The United States and China are the largest exporters from Brazil
3. The United States and China are the largest importers from Brazil
4. All of the above

– Which country is at an advantage? A country that exports more than it imports or a country that imports more than it exports?

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