A glance at China-Brazil relation

chinadaily.com.cn | Updated: 2019-11-15 07:00

Bilateral economic and trade relations

Soybeans imported from Brazil are unloaded at Nantong Port, Jiangsu province. XU CONGJUN/FOR CHINA DAILY

China-Brazil bilateral economic and trade relations have achieved great development. The bilateral trade volume reached $111.18 billion in 2018, year-on-year growth of 26.6 percent. Trade between China and Brazil totaled $73.42 billion in the first eight months of this year, a jump of 3.1 percent year-on-year, data from the General Administration of Customs show.

Brazil remained China's largest trade partner in Latin America, and China is Brazil's largest trading partner. China exports mainly construction machinery, manufacturing equipment, electronics, textiles, garments and household appliances to Brazil. In addition to agricultural and mining products, Brazil's shipments to China include passenger aircraft, timber, steel, cotton and organic chemicals.

Even though the trade of commodities and goods lie at the heart of bilateral business ties, Brazil's surging demand for modern services and need to upgrade its infrastructure such as smart city projects, power plants and container terminals have brought more opportunities for both Chinese project contractors and manufacturers

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