Trade Resources Economy Brief Report of Brazil's Trade in August 2016

Brief Report of Brazil's Trade in August 2016

According to the statistics from Secretariat of Foreign Trade in Brazil, Brazil’s volume of goods trade was USD214.77 billion from January to August in 2016, down 13.9% year-on-year (the same below). Exports fell by 3.7% to USD123.57 billion, and imports fell by 24.7% to USD91.20 billion. The trade surplus was USD32.37 billion, up 343.1%.

In August, Brazil’s volume of goods trade grew by 5.5% to USD29.84 billion. Exports grew by 9.7% to USD16.99 billion and imports grew by 0.4% to USD12.85 billion. And the trade surplus was USD4.14billion, up 53.8%.

Since January to August, bilateral trade volume between Brazil and China fell by 14.1% to USD41.10 billion. Brazil’s exports to China grew by 1.8% to USD25.96 billion. It accounted for 21.0% of Brazil’s overall export, up 1.1%. And Brazil’s imports from China fell by 32.3% to USD15.14 billion. It accounted for 16.6% of Brazil’s overall imports, down 1.9% over the previous year. Brazil’s trade surplus with China grew by 246.5% to USD10.81 billion.

China was the largest export market of Brazil and its second largest source of imports up to August in 2016.

Source: www.made-in-china.com
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