China boosts Brazil trade 54.6pc to US$32.5 billion

BRAZIL has become China's 10th largest trading partner, with bilateral trade value of US$32.51 billion from January to July, up 54.6 per cent year on year.

This surpassed the trade volume between China and Singapore, $32.3 billion, Russia, $30.7 billion, the Netherlands, $30.3 billion, Thailand, $29.2 billion and the UK, $26.6 billion.

Meanwhile, bilateral trade volume between China and Argentina increased 44.08 per cent year on year to $7.63 billion in the first seven months.

Brazilian exports to China grew 25 per cent year on year to $16.73 billion, while Argentine exports to China were up 39.37 per cent to $3.82 billion. Chinese exports to Brazil were up 63 per cent to $13.13 billion and to Argentina up 49.17 per cent to $3.8 billion.
(Source:www.schednet.com)