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Today is Thursday - December/12/2019
China stands out as Brazil's main trading partner in 2017


China stands out as Brazil's main trading partner in 2017

The asian country was the top foreign trade partner of 13 Brazilian states



2017 was an important year for Brazil in foreign trade. In total, the country amassed a trade surplus (i.e. the difference between all exports and imports) of US$ 66.9 billion, an all-time record.
This was possible not only due to the resumption of the economy as a whole but also because of the regained momentum of one of the world's top economies: China. With strong growth, Chinese demand for Brazilian products, especially soybeans and iron ore, soared.
Several Brazilian states benefited from the increased trade. As the country began to grow again after a stark recession, the hike in exports played a crucial role in consolidating the recovery. In 2017, 13 of Brazil's 26 states had China as their main foreign trade partner - from Alagoas in the upper Northeast to Rio Grande do Sul down south, the whole country felt the effects of increased business with the country.