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

Brief Report of Brazil's Trade in August 2016

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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.

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