Brazil’s exports to China, its biggest trading partner, rose 28 per cent in 2021, helping South America’s largest economy post a US$61 billion trade surplus.
According to the latest figures, 2021 witnessed a growth in Brazilian exports mainly to the United States, which surged 44.9 per cent. Sales to China rose 28 per cent.
In imports, the year’s biggest increase came from goods from the Mercosur trade bloc, rising 44.7 per cent, followed by the US at 41.3 per cent and China at 36.7 per cent.
Exports reached a record US$280.4 billion, mainly due to a rise in prices amid the Covid-19 pandemic, while imports totalled US$219.4 billion.
For the coming year, the government expects an increase in exports of 1.4 per cent to US$284.3 billion, while imports are expected to fall 6.6 per cent to US$204.9 billion. Forecasts call for more moderate growth in global trade this year.
In December, Brazil had a trade surplus of US$4 billion, on exports of US$24.4 billion and imports of US$20.4 billion, CLBrief reported.