BRASILIA, Jan. 2 (Xinhua) -- Trade between Brazil and China amounted to 23.367 billion U.S. dollars in 2007, up 42.55 percent over 2006, according to the Brazilian Ministry of Development, Industry and Foreign Trade.
China has replaced Argentina to become the second-largest exporter to Brazil after the United States, with Chinese exports to Brazil amounting to 12.618 billion dollars, up 57.9 percent compared to 2006.
China still ranks third after the U.S. and Argentina as a Brazilian export market as China's imports from Brazil reached 10.749 billion dollars, up 27.9 percent.
In 2007, Brazilian foreign trade amounted to 281.26 billion dollars, including exports of 160.65 billion dollars, up 16.6 percent, and imports of 120.61 billion dollars, up 32 percent. The trade surplus was 40 billion dollars, down 13.8 percent.
Industry analysts said the Brazilian real has appreciated 17 percent against the U.S. dollar, leading to the great increase of imports.
Source: English Site of Nigeria
