China’s share of Brazilian exports fell from January to November this year, while imports from the Asian country had a greater weight in the trade balance. The data was presented this Tuesday (17) by the Brazilian Institute of Economics of the Getulio Vargas Foundation (Ibre/FGV), and shows that China continues to be Brazil’s main trading partner. 
From January to November, 28.6% of Brazilian exports went to China, a percentage lower than the 30.7% in 2023. In the opposite direction, the Chinese share in Brazilian imports increased from 21.9% to 24.1 %.
According to FGV, the change was also due to an increase in exports to the United States and the European Union, and a drop in imports from these partners. Argentina, even in an economic crisis, imported more Brazilian products and exported more to Brazil, mainly due to the automotive sector.
The total balance of trade until November was US$69.9 billion. FGV projects that this year Brazil should have a surplus of between US$74 billion and US$78 billion in foreign trade.
If only trade with China is considered, Brazil already has a surplus of US$31 billion, which represents 44.3% of the accumulated trade balance until November.
