The products most imported by Brazil – with the participation rate in total imports and the volume in dollars – between January and July 2020 are:
- Platforms, boats and other floating structures
5.8% participation – US $ 5.3 billion.
- Petroleum oils or oils from bituminous minerals (except crude oils)
4.9% share – $ 4.5 billion
- Chemical fertilizers or fertilizers (except raw fertilizers)
4.7% stake – $ 4.3 billion
- Other products – Manufacturing Industry
4.6% participation – US $ 4.2 billion
- Works of iron or steel and other articles of base metal
4% stake – $ 3.6 billion
- The category “Other products – Manufacturing Industry” includes manufactured items of different natures, not specified in details by data from the Ministry of Industry, Foreign Trade and Services.
Do you want to know the main products that Brazil imports from China? Check out the list below, collected from data from the Ministry of Industry, Foreign Trade and Services.
Telecommunications equipment, including parts and accessories Responsible for most of the global production of these items, China exports to Brazil mainly telecommunications equipment. The category represents 12% of Brazilian imports from the Asian country and has already moved more than US $ 1 billion in 2020.
Platforms, vessels and other floating structures The second place on the list represents 11% of Chinese exports to Brazil. More than US $ 1 billion was spent on platforms, vessels and other floating structures this year.
- Thermionic valves and tubes, cold cathode and or photo-cathode, diodes and transistors Components used in various electronic equipment are the third product that Brazil imports most from China, with a total of US $ 1 billion in 2020 (6.5% share).
- Other products – Manufacturing Industry Several manufactured products make up the fourth position in the ranking. In 2020, the category moved US $ 805 million, which represents a 4.8% share of total imports from China.
- Organo-inorganic compounds, heterocyclic compounds, nucleic acids and their salts, and sulfonamides The category represents 4.8% of imports of Chinese origin. Between January and June 2020, these products moved US $ 794 million.
- Electrical machines and apparatus With a 3% share, machines and electrical appliances occupy the 6th place on the list, with more than US $ 490 million.
- Medicines and pharmaceutical products.Medicines, except veterinary drugs, are also another important category in China’s trade to Brazil With 2.3% of participation, these items moved US $ 378 million until June 2020.
- Electrical devices for connection, protection or connection of circuits Between January and June this year, Brazil has already imported US $ 372 million in electrical appliances of this category from China (2.2% share).
- Parts and accessories for data processing machines or office machines The category, which does not include cases, covers and the like, represents 1.8% of imports and generated US $ 304 million this year.
- Electric power machines and parts At the bottom of the top 10, electric power machines and their parts represent 1.8% of imports from China. With these items, Brazil has already spent US $ 302 million in 2020.
AN OVERVIEW, ABOUT THE BRAZILIAN SCENERY IN THE AREA OF FOREIGN TRADE.
Because of the outbreak that hit the world and the horizontal Lock down imposed by the local governments of states and municipalities., The economy was hit hard. Despite the measures and money released by the Federal Government, we had a significant reduction in GDP.
The resumption of the market has already started and is being felt in Brazil, driven by the Rate Of Exchange that favors exports and, not having a negative impact on imports, take into account that ships are leaving Brazilian ports without space. On the other hand, Comercio Internacional requires buyers and sellers across borders and, currently, the fall in the economy is global, felt by all countries.
Luckily, the economic crisis hit the supply and not so much the demand, in this line it is presumed to believe that the resumption is possible on the “V” curve, much faster than the “U” curve as expected. I refer to the resumption in Brazil.
Wrote by Roger
GENERAL INFORMATION THAT MAY BE USEFUL.
Economy Minister Paulo Guedes said today that he has the perspective that the fall of the Brazilian economy this year will be less than expected.
The minister said that the latest data shows the resumption of activity, and this movement is coming even faster than he anticipated.
Officially, the Ministry of Economy’s projection is for GDP to shrink by 4.7% in 2020.
