China Has Become Brazil'S Fastest Growing Export Market.

According to the Brazil economic newspaper "DCI" 27 quoted the Ministry of development, industry and foreign trade statistics of Brazil, China has become the fastest growing export market in Brazil this year, and is expected to maintain rapid growth in the next few years.

The report pointed out that in the first 10 months of this year, Bazhong's bilateral trade volume reached US $19 billion 452 million, of which Brazil's exports to China increased by 44% over the same period last year, ranking the top of all export markets in Brazil.

In the same period, Brazil's exports to the EU increased by 43%, exports to Latin America increased by 22%, and exports to the United States increased by only 6%.

But the United States remains the most important export market in Brazil, with a total value of US $16 billion 400 million.

Fernando Ribeiro, an economist at Brazil's foreign trade research center, points out that this phenomenon shows that Brazil's exports are becoming more diversified and no longer confined to a few areas.

Countries like Holland and Germany, like China and the European Union, are becoming important export markets for Brazil.

China's import demand for raw materials and agricultural products will drive Brazil's exports to China continue to grow.

China is the third largest trading partner of Brazil. The two economies have strong complementarity. The main products exported by Brazil to China are iron ore and soybeans. The main products of China's exports to Brazil include textiles, footwear and communications equipment.